Coldwell Banker Commercial Realty is pleased to present the exclusive opportunity to acquire: $4,290,000 in San Diego’s prime coastal real estate. This dual-income asset features Vital Climbing Gym, a premier regional fitness operator, and a T-Mobile Cell Tower. This property offers a unique combination of high-traffic “lifestyle” commercial space… Read More and essential “credit” infrastructure with significant near-term yield expansion. Investment Highlights: Capital Improvements & Low Deferred Maintenance: The property features a newer primary rooftop and a well- maintained lower roof, significantly reducing near-term CapEx requirements for a new owner. Defensible Infrastructure Asset: T-Mobile has occupied this site since 2000. Due to the City of Oceanside’s strict permitting restrictions for new telecommunications sites, this tower represents an asset with massive tenant retention leverage. Immediate Value-Add Opportunity: With the T-Mobile lease expiring on 7/31/2028 and negotiations currently underway, a Buyer can finalize terms to capture a 5% stabilized Cap Rate. Strategic Rent Growth: The Vital Gym lease provides 2% annual escalations, ensuring the Net Operating Income (NOI) keeps pace with the market. Read Less
Listing Snapshot
Days Online
15
Last Updated
Property Type
Retail
Square Ft.
8,550
Year Built
2000
MLS Number
NDP2606647
Additional Details
Building
Built in 2000, 1 building, 2 stories, Entry level: 1
Expenses
Insurance: $7,218, Operating: $58,698
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $274,444, Net Operating Income: $215,746
Lot
CornerLot
Taxes
Parcel Number: 1501840700, Zoning: Commercial (City-led zoni
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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