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Investment Opportunity | $14,200,000 | Camino Encinitas Auto Plaza



318-330 N. El Camino Real Encinitas, CA 92024



THE OFFERING

Offering Price

$14,200,000

Actual NOI

$832,716

Actual Cap Rate

5.92%


2020 Scheduled NOI (without vacancy factor)

$859,317


2020 Scheduled Cap Rate (without vacancy factor)

6.05%


2020 Scheduled NOI (with 5% vacancy factor)

$816,777


2020 Scheduled Cap Rate (with 5% vacancy factor)

5.75%


PROPERTY DETAILS

Building Area

+/-47,609 SF*

*Based upon existing rent roll; square footage to be verified by buyer during the due diligence period


Price per SF Building

$298.26


Land Area

+/-121,968 SF

Price per SF Land

$116.42


Property Type

Auto Repair Retail Center


Occupancy

100%


Zoning

GC - General Commercial


Lease Type

NNN - Currently @ $.45

*All leases allow passthroughs



HIGHLIGHTS

Location

· One of the highest demographic & dense retail streets in all of San Diego County

of Mission Valley’s Abundant Amenities


Stable Cash Flow

· Property has had very little vacancies over the past 5 years as retail auto space is difficult to find

Upside Opportunity

· Some rental rates below market

· Base Year Expense Recapture Enforcement




Contact Broker for More Information (619) 469-3600

Vince Provenzano

President of Brokerage

Lic. 00780182


The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase or lease.



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