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501 Osborne St

60,000 SF Specialty Building Offered at $2,764,066 CAD at a 7.23% Cap Rate in Vista, CA 92084

Executive Summary

The greenhouse is located on a 2.36 acre in the jurisdiction of San Diego County in the sphere of influence of the City of Vista, California. One of the greenhouses is built out as a 6,000 square foot head house with concrete floor and two restrooms. The head house includes a planting line including soil fed tray filler, water tunnels, conveyors and trolly carts.
The greenhouses are computer controlled creating three separate growing environments allowing independent control of ventilation, table heat, air heat, watering schedules, humidity and temperature in each zone. There is a Reverse Osmosis water filter system with 5,000 gallons of water storage. The fertigation system includes A and B Fertilizer tanks, multiple Dosatron injectors and flexibility of watering with city water, RO water, or fertilized water with each. There is a 40’ refrigerated storage container on site for secure and temperature controlled storage.
The access to the property is via a 60 foot easement from Hutchison Street allowing truck pick up and delivery access.

Financial Summary (Actual - 2022)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $199,863 $3.33
Other Income $13,608 $0.23
Vacancy Loss - -
Effective Gross Income $213,471 $3.56
Taxes - -
Operating Expenses $13,608 $0.23
Total Expenses $13,608 $0.23
Net Operating Income - -

Financial Summary (Actual - 2022)

Gross Rental Income (CAD)
Annual $199,863
Annual Per SF $3.33
Other Income (CAD)
Annual $13,608
Annual Per SF $0.23
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $213,471
Annual Per SF $3.56
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $13,608
Annual Per SF $0.23
Total Expenses (CAD)
Annual $13,608
Annual Per SF $0.23
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $2,764,066 CAD
Price Per SF $46 CAD
Sale Type Investment or Owner User
Cap Rate 7.23%
Sale Conditions
1031 Exchange
  • Lease Option
Property Type Specialty
Property Subtype Winery/Vineyard
Building Class C
Lot Size 2.36 AC
Building Size 60,000 SF
No. Stories 1
Year Built 1990

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
171-032-23
Land Assessment
$534,650 CAD (2024)
Improvements Assessment
$345,466 CAD (2024)
Total Assessment
$880,116 CAD (2024)

zoning

Zoning Code A (Zoned for Rural Agricultural.)
A (Zoned for Rural Agricultural.)
  • Listing ID: 29489033

  • Date on Market: 2023-09-11

  • Last Updated:

  • Address: 501 Osborne St, Vista, CA 92084

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