3300 Vista WayOceanside, CA 92056

Property Details for 3300 Vista Way

Year built

1997

Lot size

1.69 AC

Property size (Sq ft)

12,634 SF

Zone code

COMMERCIAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

165-362-23-00

APU

1653622300

Description

This exceptional investment opportunity presents a 13,036 square foot, multi-tenant medical office building located at 3300 Vista Way, Oceanside, CA 92056, in the San Diego MSA. The property, built in 1994 and situated on a 1.69-acre lot, boasts a 5.75% cap rate and a Net Operating Income (NOI) of $482,512. Currently 100% occupied by four tenants, including Fresenius Kidney Care and Balboa Nephrology Medical Group, under a triple net (NNN) lease structure with corporate guarantees, this offering provides significant stability and future upside potential. The property features 64 parking spaces and benefits from contractual rent bumps, ensuring consistent income growth. The average household income within a three-mile radius exceeds $108,000, indicating a strong and affluent demographic base. The asking price is $8,391,513, translating to a price per square foot of $643.72. The permitted zoning is CS-HO, and the property is offered fee simple (land and building). The long-term tenancy, with Fresenius Kidney Care having occupied the space since 1994 and Balboa Nephrology for over seven years, demonstrates exceptional tenant stability and a proven track record. Projected NOI growth of 11% by April 2024 further enhances the investment appeal. This is a rare opportunity to acquire a high-performing, net-leased medical office building in a prime Southern California location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,648,290

  6.5%

  $2,444,576

  7%

  $2,269,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,044,734

  Geo Method

  $4,446,789

• Alternative Use

  Use

  Valuation

  Residential

  $3,031,274

  Hospitality

  $2,776,630

  Educational

  $2,310,124

  Medical

  $2,389,572

  Retail

  $3,593,526

Location Insight

City

Oceanside

County

San Diego

State

California

Latitude

33.1813

Longitude

-117.316

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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