3300 Vista Way Oceanside, CA 92056
- Medical offices
- 12,634 SF
- 1.69 lot acres
Current Use by Public Records
- Dr. James A. Ramenofsky, MD / Nephrologist
- Andrew Liu, / Nephrologist
- Naing T. Kyaw, MD / Nephrologist
- Balboa Nephrology - Oceanside / Medical Clinic
- Talar Kharadjian, M.D / Nephrologist
Property Details for 3300 Vista Way
- Year built
- 1997
- Lot size
- 1.69 lot acres
- Property size
- 12,634 SF
- Zone code
- COMMERCIAL
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 165-362-23-00
- APU
- 1653622300
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,570,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,010,000
- 6.5%
- $6,965,000
- 7%
- $6,675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,225,000
- Geo Method
- $5,920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,330,000
- Retail
- $7,525,000
- Mixed-Use
- $7,920,000
- Hospitality
- $7,695,000
- Educational
- $5,840,000
- Residential Income
- $6,065,000
- Energy
- $8,100,000
- Income-Based Land
- $6,905,000
- Food Service
- $7,700,000
Location Insight
- Map
- Local Demand
- City
- Oceanside
- County
- San Diego
- State
- California
- Longitude
- -117.316
- Latitude
- 33.1813
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
