555 S Escondido Blvd

Marcus & Millichap presents a lucrative investment opportunity—a recently renovated multi-tenant industrial retail property located at 555 S Escondido Blvd in Central Escondido, California. This property, spanning approximately 13,504 square feet on a single parcel, is fully leased to three established tenants: a Smog Shop, an Auto Repair business, and an Auto Dealership.
Conveniently situated just outside of Escondido's central business district, the property is strategically positioned, with proximity to the California Center for the Arts, Escondido, and the Civic Center Plaza Shopping Center. It also offers easy access to key transportation routes, including Interstate 15 and Highway 78.
With a current 100% occupancy rate and a submarket vacancy rate of under 3%, this property presents a compelling investment opportunity. Moreover, there is significant potential for increased returns as all tenants are on month-to-month leases, allowing investors to transition to Net Leases. Additionally, owner-users can occupy 51% of the property to qualify for SBA financing while offsetting ownership costs by collecting rent from other tenants.
In summary, this property offers an excellent prospect for both investors and owner-users in a highly desirable market. For more information, please contact Marcus & Millichap Brokers.