245 Vis Vlg Dr Vista, CA 92083-4998

Property Details for 245 Vis Vlg Dr

Year built

2005

Lot size

0.84 lot acres

Property size

5,000 SF

Zone code

COMMERCIAL

Property type

Data centers and call centers

APN

164-205-28-00

APU

1642052800

Description

This exceptional investment opportunity presents a ±15,000 square foot building situated on a 0.84-acre lot in Vista, California. The property is currently leased to US Bank, the fifth largest bank in the US by assets, under an absolute NNN ground lease with approximately 14.3 years remaining. The lease includes five, five-year options to extend, each with a 15% rent increase; the final two options are at fair market value (FMV), but no less than a 15% increase. This strategically located property enjoys high visibility and traffic counts, being just one block from State Route 78 at Vista Village Drive, experiencing approximately 36,082 cars per day. The asking price is $4,275,356, representing a compelling 4.50% cap rate. At the lease's end, all improvements revert to the landlord. Built in 2005, this bank building offers a secure, long-term investment with significant upside potential due to the lease terms and prime location in the thriving North County San Diego market. The property's address is 245 Vista Village Dr, Vista, CA 92083. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and a substantial remaining lease term.

Location Insight

City

Vista

County

San Diego

State

California

Longitude

-117.248

Latitude

33.1969

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments