For Sale
$4,900,000

179 Roymar RdOceanside, CA 92058

Multi-tenant warehouse, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Oceanside, CA industrial investment opportunity comprises two single-story buildings totaling 16,800 square feet on a 1.19-acre lot. The property, built in 1977 and boasting a 5.50% cap rate, is 100% occupied by eleven tenants with a weighted average lease term of 1.7 years. Current rents are approximately 12% below market rates, presenting significant upside potential for increased net operating income (NOI) through lease renewals and market adjustments. The buildings feature 14 loading docks, ±14' ceiling heights, and ample parking (1.55 spaces per 1,000 sq ft). Recent capital improvements include a new roof, landscaping, asphalt, exterior paint, and signage. Strategically located near major freeways (I-5/SR-78/SR-76), San Diego International Airport, and the Port of San Diego, this property benefits from excellent access and distribution advantages within a highly desirable San Diego submarket. The property is zoned IL (Limited Industrial) and features efficient warehouse and office layouts, making it an ideal investment for those seeking strong cash flow and future appreciation in a robust market with low vacancy rates (3.2% in Q2 2024). Suite sizes range from 1,200 to 2,400 square feet, catering to a diverse tenant base. The asking price is $4,900,000 ($291 per square foot). The Oceanside industrial market has experienced significant rental rate growth (approximately 22% in the last 36 months) due to limited supply and high demand. This property offers a rare opportunity to acquire a well-maintained, multi-tenant industrial portfolio in a prime location with substantial upside potential.

Highlights

  • Strong Oceanside industrial market fundamentals with 3.2% vacancy (Q2 2024) and 22% rental rate growth over 36 months.
  • Prime Oceanside location near I-5/SR-78/SR-76, San Diego International Airport, and the Port of San Diego.
  • 16,800 SF multi-tenant industrial property on a 1.19-acre lot, 100% occupied with a 1.7-year weighted average lease term (WALT).
  • Significant upside potential due to rents approximately 12% below market.
  • Well-maintained property with recent capital improvements including a new roof, landscaping, asphalt, exterior paint, and signage.

Property Details for 179 Roymar Rd

Property type
Warehouses, Industrial properties
Square Feet
16,800 SF
Year Built
1977
Buildings
2
Stories
1
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Oceanside
County
San Diego
State
California
Latitude
33.2162955
Longitude
-117.3465442
179 Roymar Rd, Oceanside, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
179 Roymar Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message