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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$4,290,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2606647

HOA Y/N No

Year Built 2000

Property Sub-Type Retail

Property Description

Coldwell Banker Commercial Realty is pleased to present the exclusive opportunity to acquire: $4,290,000 in San Diego's prime coastal real estate. This dual-income asset features Vital Climbing Gym, a premier regional fitness operator, and a T-Mobile Cell Tower. This property offers a unique combination of high-traffic “lifestyle” commercial space and essential “credit” infrastructure with significant near-term yield expansion. Investment Highlights: Capital Improvements & Low Deferred Maintenance: The property features a newer primary rooftop and a well- maintained lower roof, significantly reducing near-term CapEx requirements for a new owner. Defensible Infrastructure Asset: T-Mobile has occupied this site since 2000. Due to the City of Oceanside's strict permitting restrictions for new telecommunications sites, this tower represents an asset with massive tenant retention leverage. Immediate Value-Add Opportunity: With the T-Mobile lease expiring on 7/31/2028 and negotiations currently underway, a Buyer can finalize terms to capture a 5% stabilized Cap Rate. Strategic Rent Growth: The Vital Gym lease provides 2% annual escalations, ensuring the Net Operating Income (NOI) keeps pace with the market.

Location

State CA

County San Diego

Area 92054 - Oceanside

Zoning Commercial (City-led zoni

Interior

Fireplace No

Building

Lot Description Corner Lot

Story 2

Others

Tax ID 1501840700

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Mie Kim Coldwell Banker Realty kmie75@gmail.com, DRE #01754560

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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525 S Coast Hwy 101 Oceanside, CA 92054

Patricia Beattie

Key Details

Location

Interior

Building

Others

Nearby School & Business

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