1450 N Santa Fe Ave - Freestanding FOR SALE


Vista, CA 92083
$8,975,000 USD
949-350-5431
1450 N Santa Fe Ave, Vista, CA for Sale
$8,975,000 USD
Freestanding - FOR SALE
1/6
null | 6.05% Cap Rate

1450 N Santa Fe Ave
Vista, CA 92083


HIGHLIGHTS

  • Rare Southern California Shopping Center | Prime Infill Location on a Major Commercial Corridor with High Barriers to Entry
  • Signalized, Corner Location at the Intersection of N. Santa Fe Avenue and W. Bobier Drive (Traffic Counts Exceed 40,100 Cars Per Day)
  • The City of Vista is Undergoing Rapid Development and Growth | Centrally Located Between San Diego, Orange County, and the Inland Empire

OVERVIEW

--Rare Southern California Shopping Center | Prime Infill Location on a Major Commercial Corridor with High Barriers to Entry --Signalized, Corner Location at the Intersection of N. Santa Fe Avenue and W. Bobier Drive (Traffic Counts Exceed 40,100 Cars Per Day) --The City of Vista is Undergoing Rapid Development and Growth | Centrally Located Between San Diego, Orange County, and the Inland Empire --Prime Retail Location with Long-Term Stability-- -Staggered Lease Expirations and Built-In Annual Increases Ensure Consistent and Growing Cash Flow -Proven Tenant Commitment – 63% of the Gross Leasable Area Has Been Occupied by Long-Term Tenants for 15+ Years (42% for 20+ Years) -Immediate Freeway Access – Just 2 Miles from CA Route 78, Providing Quick Connectivity to Interstate 5 and 15 Freeways Serving San Diego, Orange County, and the Inland Empire --Strong Real Estate Fundamentals in a Growing Market-- -The Subject Property is Adjacent to McDonald’s (NAP), Which Drives Additional Traffic to This Corner of the Intersection | Strong Credit Tenant Presence – Surrounded by Stater Bros., CVS, AutoZone, and More -Excellent Demographics – Population Exceeds 239,000 Residents and Average Household Income Exceeds $124,000 Within Five Miles -Strategic Vista Location Undergoing Transformation – the Area is Experiencing Rapid Redevelopment and Residential Growth, Including: - Persea Luxury Apartments, (305 Units Constructed in 2021), Located Less Than 1/2 Mile from the Subject Property - Major Redevelopment Underway at Bobier Elementary, Enhancing Community Appeal and Foot Traffic - Over 100 New Residential Units Are Being Developed Within a One-Mile Radius, Supporting Long-Term Consumer Demand Broker of Record: Tony Solomon – License: CA 01238010

FOR SALE DETAILS

PRICE

$8,975,000 USD

PRICE/SF

$751 USD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Fe Crossroads

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

MU

APN/PARCEL ID

161-053-18,161-053-19

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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