Property Listing No Longer Available for Sale

800 West Valley Parkway, Escondido, CA

Office for Sale - $7,500,000 - 26,945 Sq. Ft. on 1.88 acres


Property Info

CIMLS#866460
Location
  800 West Valley Parkway
  Escondido CA 92025
UpdatedMarch 8th, 2016
TypeOffice
Price$7,500,000
Building26,945 Sq. Ft.
Land1.88 acres

Property Description

Cushman & Wakefield, as exclusive advisor, is proud to present the opportunity to acquire 800 Gateway, a highly desirable, quality, multi-tenant office project, 100% leased to credit tenants, strategically positioned along the well-traveled Interstate 15 corridor near the confluence of Highway 78 in Escondido, California.

Totaling approximately 26,945 square feet with a parking ratio of 5.1/1000, including covered, and designed to accommodate a variety of tenants and their uses, the Property is ideally positioned to take advantage of continued improvement in the submarkets’ underlying fundamentals. The offering provides a new investor with secure, stable and increasing cash flow with the ability to increase NOI in the near term by rolling over the under market rents of existing tenants to market rents upon lease expiration in a submarket that is experiencing near term rental rate spikes.

Link to Marketing Brochure: https://my.rcm1.com/handler/brochure.aspx?pv=d-2f-cNqYluiNGEDelZFUJHiRslOu5G51jk670-ch6AT_8yOupmcmHQWY7FiECE_

Investor Confidentiality Agreement: https://my.rcm1.com/handler/agreement.aspx?pv=d-2f-cNqYluiNGEDelZFUJHiRslOu5G51jk670-ch6DJrye3HSsHnLkNVkjLgUfA

Broker Confidentiality Agreement: www.ctsdlinks.com/jlough/800gateway/brokerca_800gateway-form.pdf

Aerial Virtual Tour: https://vimeo.com/151801781


Financials

Stable Cash Flow / First Year NOI: $461,846 / 6.15% in-place Cap / 7.1% Mark to Market