Village Square 29105 Valley Center Rd Local commercial 907 m² 100 % Loué À vendre Valley Center, CA 92082 2 853 175 € (3 146,33 €/m²) Taux de capitalisation 4,60 %

Excellent Multi-Tenant Commercial Investment with Upside
• The property is 100% leased to 13 tenants providing a stable income stream from a variety of office/retail tenants.
• There is upside in increasing rents on the individual office tenants, many of which are paying in the range of $400-$700 per month. There is also the potential of leasing out the covered courtyard at the front entrance to the building for a coffee/snack kiosk tenant.
• The seller currently operates its business in the building: The UPS Store and Community Pharmacy, an established fixture in the community. Seller’s preference is to enter into a 5-year lease contract at closing, however, they could potentially be open to vacating for an owner/user Buyer. Alternatively, leases on other office spaces are also short-term and could potentially be made available for occupancy by an owner/user.
Central Location Along Main Corridor
• Property is well located with excellent frontage and visibility along Valley Center Road, which is the main commercial corridor for the trade area with 22,923 cars per day.
• Nearby commercial uses in the immediate area near the Valley Center Road & Cole Grade Road intersection include: Rite-Aid, Arco/AMPM (under construction), US Post Office, and various other retail, restaurant, bank, and grocery businesses.
Tremendous Growth in the Immediate Area
• The property is situated directly across the street from the Valley Center at Indian Creek Project -- a 121-acre development project currently in planning stages that will include a proposed 573 homes and ±50,000 SF of retail space.
• Overall, there are 1,200+ new residential units recently completed or in various planning/development stages in Valley Center. The subject property stands to benefit from this residential growth combined with a limited supply of existing office/retail properties available for lease.
Strong Demographics & Captive Market
• Average Household Income in a 5-Mile radius is $135,738 with a population of 20,871.
• Valley Center is a stable and growing community primarily comprised of homeowners (82%) with a median home value of $753,930.