858-527-2727
111 Bingham Dr, San Marcos, CA for Sale
Distribution - FOR SALE
1/11
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111 Bingham Dr
San Marcos, CA 92069


HIGHLIGHTS

  • Click link to download Offering Memorandum: https://bit.ly/111binghamLN
  • Value Add Industrial | Credit Lease Through March 2029 With Known Vacate
  • Prime SR-78 Corridor — North County’s Logistics Core

OVERVIEW

Value Add Industrial | Credit Lease Through March 2029 With Known Vacate *Rare Industrial Cross Dock Distribution Sale/Leaseback with Excess Land: *UPS (NYSE: UPS) Investment Grade Tenancy through March 2029 (UPS will vacate upon lease expiration). New ownership will have ample marketing time to secure a new tenant given the known vacate. *Rare 11.85 Acre Two Parcel Site: *Parcel 1: 217,800 SF industrial cross dock distribution building on 5.00 Acres. *Parcel 2: 6.85 Acres (298,386 SF) / 3.66 Acres (159,415 SF) paved and usable paved lot. The additional land on this parcel is not buildable. *Extremely Strong Market Fundamentals Supporting Upside: Tightest Industrial Sector: The San Marcos 78 Corridor industrial market remains very healthy with a current Industrial Distribution vacancy rate of 0.3% and 3-year average of 2.94%. This product type remains the tightest industrial sector within San Diego County given the scarcity of excess land and cross dock distribution buildings. The greater North County San Diego 51 million square foot industrial distribution market has a current vacancy rate of 4.3% and 3 year average of 3.82%. Prime SR-78 Corridor — North County’s Logistics Core *Irreplaceable Last-Mile Node for 1M+ North County Residents: San Marcos occupies the geographic center of a North San Diego County population base exceeding one million residents, with Carlsbad, Oceanside, Vista, and Escondido all within a 15-minute drive. No competing industrial site in the immediate submarket matches this coverage radius for last-mile parcel delivery operations. *Direct SR-78 Access — Gateway to the Full San Diego MSA: Bingham Drive sits immediately off SR-78, the primary east-west arterial connecting I-5 (coastal) and I-15 (inland), giving operators direct access to the full San Diego metropolitan area from a single distribution point. This centralized freeway position is the defining locational advantage of North San Diego County’s most active industrial corridor.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

24 Ft

DOCKS

3

DRIVE INS

12

PARKING SPACES

66

LAND DETAILS

LAND ACRES

11.85

LAND SF

516,186

ZONING

L-I (Light Industrial)

APN/PARCEL ID

219-172-26

ASK ABOUT THIS PROPERTY

Matt PourchoCBRE, Inc.More Info
858-527-2727

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Matt PourchoCBRE, Inc.More Info
858-527-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.