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3300 Vista Way Oceanside, CA 92056

Sponsored
For Sale
$8,391,513

High-yield medical office, NNN lease, strong tenant.

Property size:
13,036 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 13,036 square foot, multi-tenant medical office building located at 3300 Vista Way, Oceanside, CA 92056, in the San Diego MSA. The property, built in 1994 and situated on a 1.69-acre lot, boasts a 5.75% cap rate and a Net Operating Income (NOI) of $482,512. Currently 100% occupied by four tenants, including Fresenius Kidney Care and Balboa Nephrology Medical Group, under a triple net (NNN) lease structure with corporate guarantees, this offering provides significant stability and future upside potential. The property features 64 parking spaces and benefits from contractual rent bumps, ensuring consistent income growth. The average household income within a three-mile radius exceeds $108,000, indicating a strong and affluent demographic base. The asking price is $8,391,513, translating to a price per square foot of $643.72. The permitted zoning is CS-HO, and the property is offered fee simple (land and building). The long-term tenancy, with Fresenius Kidney Care having occupied the space since 1994 and Balboa Nephrology for over seven years, demonstrates exceptional tenant stability and a proven track record. Projected NOI growth of 11% by April 2024 further enhances the investment appeal. This is a rare opportunity to acquire a high-performing, net-leased medical office building in a prime Southern California location.

Property Features for 3300 Vista Way

General Information

Property type
Medical offices
Square Feet
13,036 SF
Lot Size
73,616 SF

Building Details

Year Built
1994

HighLights

  • Strong, stable cash flow with significant upside potential.
  • Guaranteed near‑term revenue growth via contractual agreements.
  • Long‑term tenant with proven track record.
  • Net lease structure minimizing landlord responsibilities.
  • Prime Southern California location in affluent market.
Property Profile Location Intelligence

Current Use by Public Records

Dr. James A. Ramenofsky, ... Nephrologist Andrew Liu, Nephrologist Naing T. Kyaw, ... Nephrologist Balboa Nephrology - Oceanside Medical Clinic Talar Kharadjian, M.D Nephrologist

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Oceanside
County
San Diego
State
California
Longitude
-117.3163659
Latitude
33.18093336

FAQs

What type of property is this?
Medical office - High-yield medical office, NNN lease, strong tenant.
Where is this medical office located?
The property is located at 3300 Vista Way Oceanside, CA.
What is the asking price?
The asking price for this property is $8,391,513.
What are key features of this property?
This property features: Strong, stable cash flow with significant upside potential.; Guaranteed near-term revenue growth via contractual agreements.; Long-term tenant with proven track record.
More about this property
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