Vista, CA - Biofilm, Inc

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest in a 61,942-square-foot, single-tenant industrial/office property located in Vista, California. The tenant, BioFilm, Inc., currently occupies the property under a lease with approximately two years remaining in the initial term and two successive three-year extension options. The lease provides for annual rental adjustments tied to the Consumer Price Index during both the initial term and option periods, delivering predictable net operating income growth while mitigating inflation risk. With current rents positioned below prevailing market levels and Vista’s manufacturing vacancy rate averaging 1.4 percent—well below the broader industrial sector—the property offers investors a stable income stream with the potential for long-term value enhancement.

Beyond its investment attributes, the property is also well-suited for an owner/user seeking a high-quality, functional facility. The building features a 28-foot clear height, a versatile layout consisting of warehouse, HVAC, and office space, and substantial electrical capacity of 2,000 amps at 480 volts. The existing improvements include FDA certification, HVAC systems, water lines, floor drains, and a 324-kilowatt rooftop solar installation, which together create significant operational efficiencies. Notably, these improvements are removable, allowing the facility to be converted to a traditional warehouse configuration if desired. The asset’s central Vista location, critical to BioFilm’s operations and workforce accessibility, combined with a recent BOMA remeasurement identifying 4,333 additional square feet beyond the contractual lease amount, provides both functional utility and strategic leverage for future occupancy or renewal negotiations.