29105 Valley Center Rd - Storefront Retail/Office FOR SALE


Valley Center, CA 92082
$3,250,000 USD
619-269-6076
29105 Valley Center Rd, Valley Center, CA for Sale
$3,250,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 4.6% Cap Rate

29105 Valley Center Rd
Valley Center, CA 92082


HIGHLIGHTS

  • Multi-Tenant Commercial Investment Opportunity
  • Excellent Upside in Below Market Rents
  • Growing, Supply-Constrained Market with Strong Demand

OVERVIEW

Excellent Multi-Tenant Commercial Investment with Upside • The property is 100% leased to 13 tenants providing a stable income stream from a variety of office/retail tenants. • There is upside in increasing rents on the individual office tenants, many of which are paying in the range of $400-$700 per month. There is also the potential of leasing out the covered courtyard at the front entrance to the building for a coffee/snack kiosk tenant. • The seller currently operates its business in the building: The UPS Store and Community Pharmacy, an established fixture in the community. Seller’s preference is to enter into a 5-year lease contract at closing, however, they could potentially be open to vacating for an owner/user Buyer. Alternatively, leases on other office spaces are also short-term and could potentially be made available for occupancy by an owner/user. Central Location Along Main Corridor • Property is well located with excellent frontage and visibility along Valley Center Road, which is the main commercial corridor for the trade area with 22,923 cars per day. • Nearby commercial uses in the immediate area near the Valley Center Road & Cole Grade Road intersection include: Rite-Aid, Arco/AMPM (under construction), US Post Office, and various other retail, restaurant, bank, and grocery businesses. Tremendous Growth in the Immediate Area • The property is situated directly across the street from the Valley Center at Indian Creek Project -- a 121-acre development project currently in planning stages that will include a proposed 573 homes and ±50,000 SF of retail space. • Overall, there are 1,200+ new residential units recently completed or in various planning/development stages in Valley Center. The subject property stands to benefit from this residential growth combined with a limited supply of existing office/retail properties available for lease. Strong Demographics & Captive Market • Average Household Income in a 5-Mile radius is $135,738 with a population of 20,871. • Valley Center is a stable and growing community primarily comprised of homeowners (82%) with a median home value of $753,930.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Village Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

C-36

APN/PARCEL ID

188-260-48

ASK ABOUT THIS PROPERTY

Rob BloomDUHS CommercialMore Info
619-269-6076

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Rob BloomDUHS CommercialMore Info
619-269-6076

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