858-558-5635
, San Marcos, CA for Sale
FOR SALE
1/8
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La Costa Meadows
San Marcos, CA
University Commons


HIGHLIGHTS

  • Located in a supply-constrained North County San Diego market
  • 91% leased with diverse tenant mix across 49 occupants
  • No new multi-tenant parks under construction countywide
  • Tilt-up construction with flexible suite configurations

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present an excellent opportunity to acquire La Costa Meadows Business Center (“The Property”), an eight-building 158,923 SF warehouse project in San Marcos, CA. Strategically located in the southwest corner of San Marcos, the Property features grade-level loading, flexible size options and excellent access to all of North County San Diego. The Property is 91% leased to approximately 49 tenants, delivering solid, in-place cash flow from a diverse rent roll. With in-place leases approximately 10% below market, there is a substantial upside opportunity to significantly increase NOI in the near term as 24% of the Property rolls to market within the first year and 47% rolls within the first two years. The near-term mark-to-market provides investors a great opportunity to considerably increase NOI and realize value in the first two years of ownership. The market has experienced a high volume of industrial conversions to R&D product, making La Costa Meadows Business Center highly coveted and increasingly scarce. Exceptionally tight market fundamentals make this a rare opportunity, as there are very few competing properties available, limited development sites remaining in North San Diego County, and no new multi-tenant business park construction underway or proposed in all of San Diego County

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Louay AlsadekCBRE, Inc.More Info
858-558-5635

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Louay AlsadekCBRE, Inc.More Info
858-558-5635

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