For Sale
$1,513,000

2359 La Mirada DrVista, CA 92081

High-Cap Rate Flex Space in Vista, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional single-tenant industrial flex building at 2359 La Mirada Drive, Vista, CA 92081, presents a compelling investment opportunity. The property boasts 4,536 square feet and is currently fully leased under a triple-net (NNN) lease with a 3-year term and 4% annual rent increases. The asking price is $1,513,000, translating to a price per square foot of $333.55 and a strong 5.80% capitalization rate, generating a net operating income (NOI) of $84,369. The property is a single-story building with no mezzanine, offering highly desirable and functional space. Located in San Diego County, this asset benefits from its convenient location and strong tenant occupancy. The property's APN is 217-251-50-21. This is a turnkey investment ideal for those seeking a stable, high-yielding addition to their portfolio. The building's single-tenant structure minimizes management complexities, while the lease terms ensure consistent cash flow. This represents a rare opportunity to acquire a well-located, high-performing industrial flex property in a thriving market.

Highlights

  • NNN investment property, fully leased.
  • Single-tenant industrial building.
  • Highly functional building in a desirable location.
  • Single-story building, no mezzanine.
  • Three-year lease term.
  • 4% annual rent increases.

Property Details for 2359 La Mirada Dr

Property type
Industrial properties, Flex space
Square Feet
4,536 SF
Units
1

Location Insight

City
Vista
County
San Diego
State
California
Latitude
33.152788847539
Longitude
-117.22847246299
2359 La Mirada Dr, Vista, California

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2359 La Mirada Dr
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