535 Quince St, Escondido, CA 92025-2523
- Auto shops
- 10,980 SF
- 1.46 lot acres
Current Use by Public Records
- Gerber Collision & Glass / Auto Repair Shop
Property Details for 535 Quince St
- Year built
- 1971
- Lot size
- 1.46 lot acres
- Zone code
- INDUSTRIAL (M ZONE)
- Property type
- Auto shops
- APN
- 232-091-05-00
- APU
- 2320910500
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 3, 2021 | $2,500,000 | Gerber Real Estate INC | Johnson Automotive Service INC | Grant Deed | — |
| — | — | Milo Johnson Automotive Svcs | — | Deed Of Trust · related | $100k · Individual |
Description
This exceptional investment opportunity presents a 10,980 square foot auto shop strategically located at 535 N Quince St, Escondido, CA 92025, within San Diego County. The property, encompassing 1.46 acres, is currently operating as a Gerber Collision and Caliber Collision location under a 15-year absolute NNN sale-leaseback agreement. The lease features built-in rent bumps of 8% every five years, providing consistent and predictable income growth. The current net operating income (NOI) stands at $157,986, yielding a compelling 5.35% cap rate. The asking price is $2,953,000. This sale-leaseback offers significant advantages, including a corporate guarantee, minimizing tenant risk. The property is suitable for 1031 exchange transactions. This is an exceptional opportunity for investors seeking a stable, high-yield investment with a long-term lease and built-in appreciation. The property is available individually or as part of a larger portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,745,000
- ML approach
- $2,525,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $4,190,000 Current use
- OFFICE BUILDING
- $3,960,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Escondido
- County
- San Diego
- State
- California
- Longitude
- -117.092
- Latitude
- 33.123
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
