Scripps Poway Villas FOR SALE


Poway, CA
$23,000,000 USD
858-369-3084
, Poway, CA for Sale
$23,000,000 USD
FOR SALE
1/23
null | 4.76% Cap Rate

Scripps Poway Villas
Poway, CA


HIGHLIGHTS

  • Scripps Poway Villas is a well-maintained, turnkey asset with stability and potential value-add upside.
  • The apartment and storage assets are operated together, allowing for operational efficiencies.
  • The property features excellent walkability to nearby retail/services such as Smart & Final, Dollar Tree, CVS and Coffee Bean & Tea Leaf.
  • High barrier to entry submarket.

OVERVIEW

Kidder Mathews is pleased to present Scripps Poway Villas & Pomerado Self-Storage, a unique investment opportunity consisting of a 56-unit apartment community and a 48-unit self-storage facility located in Poway, California. The adjacent properties provide stable cash flow and benefit from shared operations. The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums. Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Combined with proximity to major employment centers, retail amenities, and the Poway Business Park, Scripps Poway Villas & Pomerado Self-Storage offers a rare opportunity to acquire a well-positioned portfolio with long-term growth potential.

ASK ABOUT THIS PROPERTY

Eric ComerKidder MathewsMore Info
858-369-3084

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Eric ComerKidder MathewsMore Info
858-369-3084

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