"Value Add" Rehab Opportunity - Heart of the renovation district! Great UPSIDE!

Listing was updated at: 04/23/2020
Property Overview
Price/Rent PSF $ 1,300,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 10,240
Date Available 12/20/2019
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Parking 67
Floors 2
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The Escondido sub market is located in North San Diego County, at the junction of Interstate 15 and Highway 78 corridors. Highway 78 is the main connector from Interstate 5 in Oceanside to Interstate 15 in Escondido. Interstate 15 connects the Inland Empire with San Diego County.

The Escondido medical office market consists of approximately 754,000 SF of rentable space with rents currently in an upward trend.

The subject property is a 2 story, elevator served, approximately 10,200 SF Medical/Office/Professional building on .51 acres of land. It enjoys a PRIME, PRIME location adjacent to the Palomar Downtown Campus, part of Palomar Hospital Group. A major redevelopment is planned for the Palomar site. This property will be enhanced greatly by the redevelopment of the hospital site.
Excellent parking- approximately 7 spaces per 1000 SF...both surface and covered available. The property is also on the city bus line with a stop located in front of the building. The property is zoned for a BROAD RANGE OF USES making it an ideal for an OWNER/USER. It also allows an INVESTOR/DEVELOPER the opportunity to ADD VALUE to the existing project through REHAB, CHANGE OF USE or capturing the current upside in RENTS.