San Marcos, CA - Industrial/Office Campus

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Windy Point, a freestanding, innovative industrial and office project located in San Marcos, CA (San Diego MSA). Completed in 2020, the 34,319 SF development spans across 3.93 acres and features a Modern design, state-of-the-art amenities, creative office space, warehouse space, heavy power, and ample parking. The building is 100% leased to a diverse, e-commerce resistant tenant lineup representing a wide range of uses including fitness, education, financial consulting, and more. The leases are structured as NNN in nature, reducing potential expense slippage for a future investor. The property is anchored by the University of St. Augustine for Health Sciences, a nationally accredited health sciences university serving approximately 4,300+ students’ system wide.

Windy Point is ideally located near the signalized, hard corner intersection of West Borden Road and North Twin Oaks Valley Road which supports more than 52,000 vehicles per day. The asset also benefits from nearby access to Interstate 15 (150K+ VPD) and Highway 78 (160K+ VPD), making this an ideal centralized location with easy commutes. In addition, the site is positioned in a dense industrial/retail corridor and benefits from nearby proximity to multiple national/credit tenants such as Harley Davidson, Restaurant Depot, Home Depot, Ashley Furniture, Mor, Jerome’s Furniture, Americanning, Gecko Hawaii, SunMaster Products, and more. Furthermore, the site is ideally positioned less than two miles north of California State University San Marcos, which enrolls approximately 15,400 students and competes in NCAA Division
II athletics, and approximately one mile east of Palomar College, which serves nearly 19,500 students, providing strong surrounding demand supported by substantial academic populations. Moreover, the site is located less than four miles from Kaiser Permanente San Marcos Medical Center, a 206-bed acute care hospital serving North County, and Palomar Medical Center Escondido, a 288-bed full-service regional medical facility providing comprehensive inpatient and specialty care. The 5-mile subject trade area is supported by more than 200,000 residents and 96,000 daytime employees who earn affluent average household incomes of more than $140,000.

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Listing ID: a28TP000002bPazYAE