2170 S El Camino Real
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2170 S El Camino Real
9,728 SF 71% Leased Office Building Oceanside, CA 92054 £2,542,513 (£261/SF) 4.32% Net Initial Yield
Investment Highlights
- In-Place Annual Gross Rental Revenue of $190,000+
- 35 KW Solar Power System - NO SDGE BILLS at Property
- Excellent North County San Diego Accessibility
- Ocean Views
- 2,800 Sq Ft Immediately Available for Owner-Occupant
Executive Summary
Urban West Ventures, as exclusive listing broker, is pleased to present to business owners, entrepreneurs & investors the opportunity to acquire an Owner-Occupiable Medical-Professional Office Building perched high atop El Camino Real providing incredible Cali sunsets & Pacific Ocean views. 2170 S El Camino Real, Oceanside, CA 92054 (the “Property”), is a 9,728 Sq Ft two-story office building with a strong tenant mix consisting of a Non-Surgical Orthopedic Group, Chiropractor, CPA, Insurance, Notary & multiple Attorneys. Approximately 2,817 RSF can be deliverable at Close of Escrow to an incoming Owner-Occupant.
Advantageously located just north of CA-78 Freeway on S. El Camino Real, the Property provides excellent accessibility to all of North County San Diego with a short ½ mile drive to CA-78 Freeway. From CA-78, Owners & Tenants access San Diego County’s two major N/S vehicular arteries with ease. Interstate 5 (N/S coastal artery connecting Los Angeles-San Diego-Mexico) is a short westerly drive 1.5 miles to access the I-5 onramp, while Interstate 15 (N/S inland artery connecting San Diego to the Inland Empire) is a direct eastern shot approximately 14.9 miles to I-15 onramp. Additionally, El Camino Real is NCSD’s largest non-Interstate N/S vehicular artery traveling through Oceanside, Carlsbad, Encinitas, Cardiff, Rancho Santa Fe & into Del Mar.
Surrounded by many popular chain restaurants (Starbuck’s, The Habit Burger, Del Taco, Chiptole, Texas Roadhouse, Buffalo Wild Wings), grocers (Trader Joe’s, Winco Foods) big box retailers (Target, Michael’s, LA Fitness), and public transit options (North County Sprinter/train & Breeze/bus), the Property’s location & value are both highly insulated. Other nearby Local Attractions include neighboring El Camino Country Club, SoCal Sports Complex, William Wagner Aquatic Center, Oceanside Municipal Airport, the famous Oceanside Pier & Oceanside Harbor as well as the newly constructed Frontwave Arena, home to MASL San Diego Sockers & NBA G League San Diego Clippers.
A new Owner-Occupier will enjoy the investment stability of a diversified Rent Roll generating approximately $192,038 in Gross Annual Rents and extremely low operational costs due to a 35 KW Solar Power System completely eliminating any SDGE utility bill. The building itself offers three (3) EV Charging Stations, VOIP telephone service and high-speed internet service via Cox. With the correct amount of debt levered on the building, a new Owner will enjoy the tax benefits of CRE ownership with little-to-no annual out-of-pocket cash outlay towards the ownership & carrying of the asset.
I N V E S T M E N T O V E R V I E W :
- List Price: : $3,222,450 ($331/Sq Ft)
- Gross Rental Income: $192,038
- NOI: $139,220
- Current Cap Rate: 4.32%
- Stabilized NOI: $217,034
- Stabilized Cap Rate: 6.74%
- AVG Cap Rate (10-Yr Hold): 7.58%
- Term Cap Rate (10-Yr Hold): 8.79%
I N V E S T M E N T H I G H L I G H T S :
- Ideal 1031 Replacement Property
- Well-Insulated Investment – Geographically & Demographically
- Attractive Value-Add Opportunity
- Diverse Tenant Mix w/ Automatic-Staggered Renewals & Escalations
- Long-Term Medical Group Anchor Tenant
- Controllably Low Operating Expenses due to 35 KW Solar Power System
- Small Office Footprints Allow for Ease of Lease-Up & $/SF Premiums
- CP Zoning Permits Medical Tenancy ‘By-Right’ (Tenants to Confirm with City)
M A R K E T F U N D A M E N T A L S - O C E A N S I D E O F F I C E S U B M A R K E T
- Inventory Sq Ft: 1,900,000 Sq Ft
- Vacancy Rate: 7.9%
- Under Construction: 0 Sq Ft
- Market Rent: $31.00/SF/YR ($2.58/SF/MO)
- 12 Month Sales Volume: $16.7M (4 buildings)
- AVG Market Sales Price: $4.175M
Advantageously located just north of CA-78 Freeway on S. El Camino Real, the Property provides excellent accessibility to all of North County San Diego with a short ½ mile drive to CA-78 Freeway. From CA-78, Owners & Tenants access San Diego County’s two major N/S vehicular arteries with ease. Interstate 5 (N/S coastal artery connecting Los Angeles-San Diego-Mexico) is a short westerly drive 1.5 miles to access the I-5 onramp, while Interstate 15 (N/S inland artery connecting San Diego to the Inland Empire) is a direct eastern shot approximately 14.9 miles to I-15 onramp. Additionally, El Camino Real is NCSD’s largest non-Interstate N/S vehicular artery traveling through Oceanside, Carlsbad, Encinitas, Cardiff, Rancho Santa Fe & into Del Mar.
Surrounded by many popular chain restaurants (Starbuck’s, The Habit Burger, Del Taco, Chiptole, Texas Roadhouse, Buffalo Wild Wings), grocers (Trader Joe’s, Winco Foods) big box retailers (Target, Michael’s, LA Fitness), and public transit options (North County Sprinter/train & Breeze/bus), the Property’s location & value are both highly insulated. Other nearby Local Attractions include neighboring El Camino Country Club, SoCal Sports Complex, William Wagner Aquatic Center, Oceanside Municipal Airport, the famous Oceanside Pier & Oceanside Harbor as well as the newly constructed Frontwave Arena, home to MASL San Diego Sockers & NBA G League San Diego Clippers.
A new Owner-Occupier will enjoy the investment stability of a diversified Rent Roll generating approximately $192,038 in Gross Annual Rents and extremely low operational costs due to a 35 KW Solar Power System completely eliminating any SDGE utility bill. The building itself offers three (3) EV Charging Stations, VOIP telephone service and high-speed internet service via Cox. With the correct amount of debt levered on the building, a new Owner will enjoy the tax benefits of CRE ownership with little-to-no annual out-of-pocket cash outlay towards the ownership & carrying of the asset.
I N V E S T M E N T O V E R V I E W :
- List Price: : $3,222,450 ($331/Sq Ft)
- Gross Rental Income: $192,038
- NOI: $139,220
- Current Cap Rate: 4.32%
- Stabilized NOI: $217,034
- Stabilized Cap Rate: 6.74%
- AVG Cap Rate (10-Yr Hold): 7.58%
- Term Cap Rate (10-Yr Hold): 8.79%
I N V E S T M E N T H I G H L I G H T S :
- Ideal 1031 Replacement Property
- Well-Insulated Investment – Geographically & Demographically
- Attractive Value-Add Opportunity
- Diverse Tenant Mix w/ Automatic-Staggered Renewals & Escalations
- Long-Term Medical Group Anchor Tenant
- Controllably Low Operating Expenses due to 35 KW Solar Power System
- Small Office Footprints Allow for Ease of Lease-Up & $/SF Premiums
- CP Zoning Permits Medical Tenancy ‘By-Right’ (Tenants to Confirm with City)
M A R K E T F U N D A M E N T A L S - O C E A N S I D E O F F I C E S U B M A R K E T
- Inventory Sq Ft: 1,900,000 Sq Ft
- Vacancy Rate: 7.9%
- Under Construction: 0 Sq Ft
- Market Rent: $31.00/SF/YR ($2.58/SF/MO)
- 12 Month Sales Volume: $16.7M (4 buildings)
- AVG Market Sales Price: $4.175M
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
9,728 SF
Building Class
B
Year Built/Renovated
1974/2010
Price
£2,542,513
Price Per SF
£261
Net Initial Yield
4.32%
NOI
£109,845
Percent Leased
71%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,864 SF
Building FAR
0.45
Land Acres
0.50 AC
Zoning
CP-Commercial Professiona - Allows Medical Use By Right
Parking
32 Spaces (3.29 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Signage
- Wheelchair Accessible
- Reception
- Car Charging Station
- Central Heating
- Natural Light
- Secure Storage
- Suspended Ceilings
- Monument Signage
- Air Conditioning
- Balcony
PROPERTY TAXES
Parcel Number | 165-012-09 | Improvements Assessment | £388,047 |
Land Assessment | £206,146 | Total Assessment | £594,193 |
PROPERTY TAXES
Parcel Number
165-012-09
Land Assessment
£206,146
Improvements Assessment
£388,047
Total Assessment
£594,193
1 of 40
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2170 S El Camino Real
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.