520 E Carmel St is a 41,000-SF, single-tenant, NNN-leased warehouse building. Located in San Marcos, CA, the Property is less than half a mile to CSU San Marcos and 34 miles to Downtown San Diego. Originally constructed in two phases, in approximately 1955 and 2000, the Property later underwent significant renovations under new ownership in 2021, culminating in its full transformation into a charter school. Tenanted since 2018, Baypoint Preparatory Academy has invested significant capital with approximately $4.5M invested to date and plans to pursue $1.5M in additional expansion. The Property currently offers ten (10) classrooms, two (2) grade-level doors, 20' clear height, HVAC systems, and an expansive approximately 4.93 AC lot. 41,000-SF Facility with 8-Year NNN Lease with Two Large Rental Increases and 3%Annual Increases Thereafter CURRENT NOI - $750,000 TENANT INVESTMENT - Total ±$4.5M and Planned ±$1.5M Expansion ENROLLMENT GROWTH - Currently ±250 with ±375 Projected After Expansion HIGH DEVELOPMENT POTENTIAL - Zoned Residential-3-10 EXCESS LAND - Approx. 2 AC for Future Growth Less than Half a Mile to CSU San Marcos