650-660 Douglas Drive
Oceanside, CA 92058
SOLD
Property Summary
Price:
Cap Rate:
GRM:
Rentable Sq Ft:
Lot Size:
Approx Year Built:
Type:
Price Per Sq Ft:
$6,700,000
7.69%
12.51
28,827
138,956 SF
1989
Shopping Center
$232
Deal Highlights
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Sold at 100% of Asking Price
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All Cash Buyer
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Non Contingent Into Escrow
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45 Day Close
Asset Highlights
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Based on Current Income: 7.5% Cap Rate
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Potential Value Add Through Lease Up
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Cash on Cash Return of 12.67%
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Average Retail Rent per SF is $1.66
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Consist of 3.1 Acres of Land on a Signalized Intersection
Property Description
The Frydman Group is pleased to present a 28,827 square foot Neighborhood Shopping Center located in the heart of Oceanside, California. This Shopping Center is located at 650-660 Douglas Drive, Oceanside, California on the hard corner of North River Road and Douglas Drive with traffic counts of 17,374 VPD. There are 12 suites at 83% occupancy, a Shell Gas station, ATM, and cell tower included on this property. The major tenants include Shell Gas Station, Domino’s Pizza, Five Star Market Liquor, Metro PCS, and Douglas Square Cleaners.
Oceanside is situated 35 miles North of San Diego,16 miles South of Orange County and 83 miles South of Los Angeles making it one of North County San Diego’s most desirable commuter cities. The property is strategically located minutes from Interstate 5 and less than a quarter mile from State Route 76, as well as easy access to the many pristine beaches found scattered along Oceanside's coast.