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200 N. LAS POSAS ROAD - SAN MARCOS, CA
Palomar College
San Marcos Middle School
1.65 ACRES - COMMERCIAL CORNER LOT
SALE PRICE: $1,975,000• MU-3 Zoning (Commercial - Mixed-Use | No Residential)• Rough Graded Pad• Signalized Intersection• 27,000 ADT at N. Las Posas Road
W Mission RdN
Las P
osas
Rd
S Pa
cific S
t
N Ra
ncho
Sant
a Fe
Rd
Grand Ave
SUBJECTPROPERTY
Alvin Dunn Elementary School
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
2
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
PAGE CONTENT
3 AERIAL
4 LOCATION MAP
5 PROPERTY INFO
6 PLAT MAP
7 SALE COMPARABLES
8 LEASE COMPARABLES
10 DEMOGRAPHICS
No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice.
SUBJECTPROPERTY
3
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
AER
IAL
W Mission Rd
N La
s Pos
as R
d
SUBJECTPROPERTY
4
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
LOC
ATIO
N M
AP
DEL MAR
SOLANA BEACH
ENCINITAS
CARLSBAD
OCEANSIDE
CAMP PENDLETON
VISTA
SAN MARCOS ESCONDIDO
POWAY
PALOMAR MOUNTAIN
SAN DIEGO COUTNRY ESTATES
78
N
FALLBROOK
SUBJECT PROPERTY
PALOMAR AIRPORT
N L
as P
osas
Rd
W Mission Rd
Grand Ave
Linda Vista Dr
S Ra
ncho
San
ta F
e Rd
SUBJECT PROPERTY
5
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
LOCATION:
JURISDICTION: City of San Marcos
APN: 219-122-03-00 ACREAGE: 1.65 Acres
PROJECT STATUS: Rough Graded
TOPOGRAPHY: Flat
TRAFFIC COUNTS: Mission Road - 17,000 - ADT; Las Posas Road. - 27,000 ADT
ZONING: MU 3 (Commercial Mixed-Use) - Horizontal or vertical mixed-use allowed with required specific plan.
FAR: 1.0 Minimum & 1.50 Maximum
HEIGHT: 25’ Minimum & 54’ Maximum
SERVICES Water/Sewer Vallecitos Water District Electricity/Natural Gas SDG&E Fire San Marcos Fire Dept. Police SD County Sheriff’s Dept.
SCHOOL DISTRICT: San Marcos Unified School District
SALE PRICE: $1,975,000
PRO
PERT
Y IN
FO
PROPERTY FEATURESThe property is located at the southwest corner of W. Mission Road and N. Las Posas Road, just north of Highway 78 in the City of San Marcos, County of San Diego. Positioned less than 3 blocks north of the Highway 78, this site is ideally suited for commercial development on two of San Marcos’ busiest roads. With excellent accessibility and street visibility, this site presents developers, builders, and investors with tremendous retail or commercial development opportunity.
MU-3 ZONING & DEVELOPMENT STANDARDS
GENERAL PLAN LAND USE ELEMENT
CLICK LINKS BELOW TO VIEW DOCUMENTS
6
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
PA
RCEL
MA
P
6
Tax Map 200 N Las Posas Rd, San Marcos, CA 92069
Tax Map 200 N Las Posas Rd, San Marcos, CA 92069 11/16/2017 Page 1 (of 2)All information contained herein is subject to the Limitation of Liability for Informational Report set forth on the last page hereof. ©2005-2017 First American Financial Corporationand/or its affiliates. All rights reserved.
7
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
SALE
CO
MPA
RAB
LES
1 El Camino Real - PC-Zoned Acreage (Part of Multi-Property) SOLDCarlsbad, CA 92009 San Diego County
Lc Investment 2010 LlcRecorded Buyer: Recorded Seller: Vre La Costa Llc4001 Maple AveDallas, TX 75219
True Buyer: TRT Holdings, Inc. Virtual Realty Enterprises, LLCTrue Seller:
Sale Date:
– Research Status:
Density:
Sale Price:
Topography:
$1,353,792.66 ($31.08/SF)$3,276,172 - Allocated10/11/2016 (1121 days on mkt) Land Area:
Zoning:Sale Conditions:
Lot Dimensions:Proposed Use:
-Level
Parcel No:Financing: -
Allocated
2.42 AC (105,415 SF)-Hold for Development
PC, Carlsbad-
$/AC Land Gross:
3731811Comp ID:
Map Page: Thomas Bros. Guide1147-E1
2 Emerald Dr @ Highway 78 - Undeveloped Shopping Center PAD SOLDVista, CA 92083 San Diego County
Vistacal Luxury Imports IncRecorded Buyer: Recorded Seller: Mossy European Imports Inc200 SW 1st AveFort Lauderdale, FL 33301
Mossy Nissan, Inc.True Seller:
Sale Date:
– Research Status:
Density:
Sale Price:
Topography:
$1,603,652.23 ($36.81/SF)$1,794,500 - Full Value10/18/2016 Land Area:
Zoning:Sale Conditions:
Lot Dimensions:Proposed Use:
-Level
Parcel No:Financing:
166-440-47Down payment of $1,794,500 (100.0%)
Full Value
1.12 AC (48,787 SF)-Retail
6-
$/AC Land Gross:
3737416Comp ID:
3 6191 Innovation Way - Lot 23 SOLDCarlsbad, CA 92009 San Diego County
RAF Pacifica Group, Inc.True Buyer: Recorded Seller: Lot 23 Bressi Ranch Llc111 C StEncinitas, CA 92024
Adam Robinson(858) 314-3116
221 15th StDel Mar, CA 92014
CruzanTrue Seller:
Sale Date:
– Research Status:
Density:
Sale Price:
Topography:
$1,088,998.89 ($25.00/SF)$4,824,270 - Confirmed09/29/2016 (317 days on mkt) Land Area:
Zoning:Sale Conditions:
Lot Dimensions:Proposed Use:
-Level
Parcel No:Financing:
213-261-14-00-
Confirmed
4.43 AC (192,971 SF)-Office
PC-
$/AC Land Gross:
3720474Comp ID:
Copyrighted report licensed to Lee & Associates - 533042. 6/25/2019
Page 1
4 425 W Mission Ave - Development Opportunity - Escondido, CA SOLDEscondido, CA 92025 San Diego County
NLA Escondido LLCRecorded Buyer: Recorded Seller: Jin Kyu & Joy Tokmi Heo445 Dexter AveMontgomery, AL 36104(334) 247-6145
3260 Ryan DrEscondido, CA 92025(760) 855-8756Jin Kyu & Joy Tokmi HeoTrue Seller:
Sale Date:
– Research Status:
Density:
Sale Price:
Topography:
$1,897,329.22 ($43.56/SF)$4,250,000 - Confirmed07/05/2017 (433 days on mkt) Land Area:
Zoning:Sale Conditions:
Lot Dimensions:Proposed Use:
-Level
Parcel No:Financing:
229-172-38$7,665,625 from Origin Bank
Confirmed
2.24 AC (97,574 SF)IrregularCommercial ...
GC-
$/AC Land Gross:
3946624Comp ID:
5 116 Myrtle Ave SOLDSan Marcos, CA 92078 San Diego County
Urban Villages San Marcos LLCRecorded Buyer: Recorded Seller: City of San Marcos5550 Carmel Mountain RdSan Diego, CA 92130
1 Civic Center DrSan Marcos, CA 92069(760) 744-1050City of San MarcosTrue Seller:
Sale Date:
– Research Status:
Density:
Sale Price:
Topography:
$1,687,500.00 ($38.74/SF)$1,350,000 - Confirmed11/08/2018 Land Area:
Zoning:Sale Conditions:
Lot Dimensions:Proposed Use:
--
Parcel No:Financing:
221-110-32, 221-110-33Down payment of $1,350,000 (100.0%)
Confirmed
0.80 AC (34,848 SF)--
--
$/AC Land Gross:
4583018Comp ID:
6 5807 Van Allen Way SOLDCarlsbad, CA 92008 San Diego County
Systems Machines AutomationCo
Recorded Buyer: Recorded Seller: Blackmore Lot 75 Lp
5807 Van Allen WayCarlsbad, CA 92008
The Blackmore CompanyTrue Seller:
Sale Date:
– Research Status:
Density:
Sale Price:
Topography:
$1,334,199.93 ($30.63/SF)$4,100,000 - Confirmed08/22/2016 (160 days on mkt) Land Area:
Zoning:Sale Conditions:
Lot Dimensions:Proposed Use:
-Level
Parcel No:Financing:
212-120-01Down payment of $0 (0.0%); $4,400,000 from California Bank & Trust
Confirmed
3.07 AC (133,729 SF)-Hotel
CM-
$/AC Land Gross:
3691529Comp ID:
Copyrighted report licensed to Lee & Associates - 533042. 6/25/2019
Page 2
8
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
LEA
SE C
OM
PARA
BLE
S San Marcos, CA 92078 - San Marcos Ret Submarket
2,370 SF Retail Lease Signed Dec 2018 for $3.25 Triple Net (Asking)801 S Twin Oaks Valley Rd - 1st Floor Direct, Leased by 7-Eleven
1
Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:
Leasing Rep: Landlord:Tenant Rep: Tenant SIC:
Lease Notes:
$3.25/NNN Jan 2019 New Lease Retail Class A10 Years 60 Mos 4,951 SFJan 2029 Shell Space
Epsteen & Associates - Joe Wojdowski, Gene Mello Sp5 Wood Alta San Marcos LlcGrocery Stores
ID# 160498811
Position: End Cap Dock/Drive In: Parking Ratio: 4.85/1,000 SF
San Marcos, CA 92078 - San Marcos Ret Submarket
2,016 SF Retail Lease Signed Nov 2018 for $3.42 Triple Net (Starting)670 W San Marcos Blvd - Partial 1st Floor, Leased by Panda Express
2
Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:
Leasing Rep: Landlord:Tenant Rep: Tenant SIC:
Lease Notes:
Nov 2018 Renewal Retail Class B$3.42/NNN 5 Years 7,000 SF
Oct 2023 2003/2006
WestMar Commercial Brokerage, Inc. - Mark Esbensen Gap Retail LlcWestMar Commercial Brokerage, Inc. - Mark Esbensen Eating Places
ID# 161875111
Position: Dock/Drive In: Parking Ratio: 4.76/1,000 SF
Carlsbad, CA 92009 - Carlsbad Ret Submarket
5,559 SF Retail Lease Signed Jul 2018 for $4.00 Triple Net (Asking)6981 El Camino Real - 1st Floor Direct, Leased by Black Rail
3
Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:
Leasing Rep: Landlord:Tenant Rep: Tenant SIC:
Lease Notes:
$4.00/NNN Mar 2019 New Lease Retail Class C20 Mos 7,721 SF
Newmark Knight Frank - Aaron Hill, John Jennings Principal Financial Group, Inc.
ID# 159029841
Position: Dock/Drive In: Parking Ratio: 6.29/1,000 SF
Lease Comparables
Copyrighted report licensed to Lee & Associates - 533042.Page 1Page 1
9
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
LEA
SE C
OM
PARA
BLE
S San Marcos, CA 92069 - San Marcos Ret Submarket
1,142 SF Retail Lease Signed Jun 2018 for $3.50 Triple Net (Asking)141 N Twin Oaks Valley Rd - 1st Floor Direct
4
Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:
Leasing Rep: Landlord:Tenant Rep: Tenant SIC:
Lease Notes:
$3.50/NNN Jul 2018 New Lease Retail Class B8 Mos 6,300 SFFull Build-Out Dec 2007/
Strategic Retail Advisors - Jeff Reenders, Candice Lazar Webb Management & Investments
ID# 156839051
Position: In-Line Dock/Drive In: Parking Ratio: 7.14/1,000 SF
Oceanside, CA 92056 - Oceanside Ret Submarket
2,200 SF Retail Lease Signed Jan 2018 for $4.00 Triple Net (Asking)3521 Cannon Rd - 1st Floor Direct, Leased by Starbucks
5
Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:
Leasing Rep: Landlord:Tenant Rep: Tenant SIC:
Lease Notes:
$4.00/NNN Mar 2018 New Lease Retail Class B16 Mos 2,200 SF
1994/
Colliers International - Kirk D. Allison, Vic Gausepohl 34420 Monterey Plaza LLCEating Places
ID# 142525511
Position: Dock/Drive In: No/No Parking Ratio:
San Marcos, CA 92078 - San Marcos Ret Submarket
6,297 SF Retail Lease Signed Jan 2018 for $3.75 Triple Net (Asking)200-210 E Barham Dr - 1st Floor Direct, Leased by Cal State San Marcos
6
Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:
Leasing Rep: Landlord:Tenant Rep: Tenant SIC:
Lease Notes:
$3.75/NNN Mar 2018 New Lease Retail Class B67 Mos 8,045 SFShell Space Aug 2013/
Cushman & Wakefield - Bruce R. Schiff, CCIM, Philip Lyons, CCIM Sea Breeze Properties
ID# 141549611
Position: Dock/Drive In: Parking Ratio: 5.70/1,000 SF
Lease Comparables
Copyrighted report licensed to Lee & Associates - 533042.Page 2Page 2
10
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT
FOR ADDITIONAL INFORMATION:
Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
AL APUZZO760.448.2442
[email protected] Lic#01323215
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
DEM
OG
RAPH
ICS
This
rep
ort
was
pro
duc
ed u
sing
dat
a fr
om p
rivat
e an
d g
over
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t so
urce
s d
eem
ed t
o b
e re
liab
le. T
he in
form
atio
n he
rein
is p
rovi
ded
with
out
rep
rese
ntat
ion
or w
arra
nty.
SUMMARY PROFILE2000-2010 Census, 2019 Estimates with 2024 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 33.1479/-117.1898RS1
200 N Las Posas Rd1 mi radius 3 mi radius 5 mi radius
San Marcos, CA 92069
PO
PU
LATI
ON
2019 Estimated Population 0 T 13,485 95,621 203,234
2024 Projected Population 0 T 13,759 97,908 208,222
2010 Census Population 0 T 10,366 82,670 179,706
2000 Census Population 0 T 8,052 63,940 138,885
Projected Annual Growth 2019 to 2024 - 0.4% 0.5% 0.5%
Historical Annual Growth 2000 to 2019 - 3.6% 2.6% 2.4%
2019 Median Age 31.6 36.1 37.5
HO
US
EH
OLD
S
2019 Estimated Households 0 T 3,965 32,242 70,686
2024 Projected Households 0 T 4,122 33,522 73,463
2010 Census Households 0 T 2,900 27,829 62,392
2000 Census Households 0 T 2,240 22,125 49,757
Projected Annual Growth 2019 to 2024 - 0.8% 0.8% 0.8%
Historical Annual Growth 2000 to 2019 - 4.1% 2.4% 2.2%
RA
CE
AN
D
ETH
NIC
ITY
2019 Estimated White - 50.0% 60.5% 65.8%
2019 Estimated Black or African American - 3.4% 3.2% 3.1%
2019 Estimated Asian or Pacific Islander - 12.2% 10.2% 9.6%
2019 Estimated American Indian or Native Alaskan - 0.6% 0.8% 0.7%
2019 Estimated Other Races - 33.8% 25.3% 20.8%
2019 Estimated Hispanic - 51.1% 39.1% 32.4%
INC
OM
E 2019 Estimated Average Household Income $0 T $82,223 $94,385 $108,711
2019 Estimated Median Household Income $0 T $75,427 $79,805 $88,835
2019 Estimated Per Capita Income $0 T $24,197 $31,906 $37,907
ED
UC
ATI
ON
(AG
E 2
5+)
2019 Estimated Elementary (Grade Level 0 to 8) - 16.8% 9.9% 6.8%
2019 Estimated Some High School (Grade Level 9 to 11) - 6.4% 5.5% 4.3%
2019 Estimated High School Graduate - 20.7% 20.8% 19.8%
2019 Estimated Some College - 22.2% 20.9% 21.4%
2019 Estimated Associates Degree Only - 10.9% 10.7% 10.5%
2019 Estimated Bachelors Degree Only - 16.4% 21.7% 24.5%
2019 Estimated Graduate Degree - 6.6% 10.4% 12.6%
BU
SIN
ES
S 2019 Estimated Total Businesses 0 T 1,527 5,310 10,325
2019 Estimated Total Employees 0 T 14,448 57,003 100,414
2019 Estimated Employee Population per Business - 9.5 10.7 9.7
2019 Estimated Residential Population per Business - 8.8 18.0 19.7
©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 4/2019, TIGER Geography
PATRICK MILLER, CCIM760.448.2445
[email protected] Lic#00296599
AL APUZZO760.448.2442
[email protected] Lic#01323215
For More Information, Please Contact:
11Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com
200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT