Vista Professional Centre Page 1 of 4 6 Tenant 100% Occupied Retail Strip Center For Sale $1,598,000 7,993 SF Building on 27,443 SF Lot Information herein is compiled from data believed to be correct, but TIE Commercial assumes no liability for any inaccuracies. Buyer to independently verify all information. TIE Commercial - Robert Pew - CalBRE # 01157216 – cell/text 760.532.1600 1835 South Centre City Parkway #446, Escondido, California 92025 [email protected]– www.tiecommercial.com Property Details: 1010 East Vista Way, Vista, California 92084 Market Area - North San Diego County Built circa 1978 - APN 173-260-30-00 100% occupied - 10 divisible spaces, currently by 6 tenants Separate electric meters, bathrooms & HVAC for each tenant ±35 parking spaces (4.4 per 1,000sf), fenced yard in rear Large lighted monument signage at street Low maintenance landscaping (no lawn to mow) Daily Vehicle Traffic = 30,300 (SANDAG 2015) Tenants - Rent Roll provided with Purchase Proposal, LOI or Offer: 100% occupied by 6 tenants collectively paying $13,175 gross rent $1.65 per square foot average rental rate – all leases gross Tenant start dates range from 10/1/15 thru 9/1/18 Lease expiration dates range from 6/30/19 thru 8/31/22 Tenant Mix - Dental, Jewelry, Nutrition, Church, Appliance Repair & Barber Shop Financial Information: $158,100 annual rent, 100% occupied by 6 tenants $52,499 annual expenses - 55¢psf/month – 33% of Gross Rents o Taxes (1.076% variable + $2,314 fixed) on $1,598,000 = $19,509 (1.22% of price) o Maintenance, Repairs, Utilities & Insurance (per FY2016 & FY2017) = $17,180 (18¢psf) o Separately metered electric - tenants pay their own o Vacancy @ 5% = $7,905 and Management @ 7% = $11,067 $105,601 annual NOI - 6.6% CAP on actual – 67% of Gross Rents Demographics 1 / 3 / 5 mile radius (Meridian Econometrics): Median Household Income = $50,621 / $61,615 / $64,530 Population = 28,544 / 107,783 / 226,043 Sales Comps on Page 4
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Vista Professional Centre Page 1 of 4 6 Tenant …...Tenant Mix - Dental, Jewelry, Nutrition, Church, Appliance Repair & Barber Shop Financial Information: $158,100 annual rent, 100%
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Vista Professional Centre Page 1 of 46 Tenant 100% Occupied Retail Strip CenterFor Sale $1,598,0007,993 SF Building on 27,443 SF Lot
Information herein is compiled from data believed to be correct, but TIE Commercial assumes no liability for any inaccuracies. Buyer to independently verify all information.
TIE Commercial - Robert Pew - CalBRE # 01157216 – cell/text 760.532.16001835 South Centre City Parkway #446, Escondido, California 92025
Property Details: 1010 East Vista Way, Vista, California 92084 Market Area - North San Diego County Built circa 1978 - APN 173-260-30-00 100% occupied - 10 divisible spaces, currently by 6 tenants Separate electric meters, bathrooms & HVAC for each tenant ±35 parking spaces (4.4 per 1,000sf), fenced yard in rear Large lighted monument signage at street Low maintenance landscaping (no lawn to mow) Daily Vehicle Traffic = 30,300 (SANDAG 2015)
Tenants - Rent Roll provided with Purchase Proposal, LOI or Offer: 100% occupied by 6 tenants collectively paying $13,175 gross rent $1.65 per square foot average rental rate – all leases gross Tenant start dates range from 10/1/15 thru 9/1/18 Lease expiration dates range from 6/30/19 thru 8/31/22 Tenant Mix - Dental, Jewelry, Nutrition, Church, Appliance Repair & Barber Shop
Financial Information: $158,100 annual rent, 100% occupied by 6 tenants $52,499 annual expenses - 55¢psf/month – 33% of Gross Rents
o Taxes (1.076% variable + $2,314 fixed) on $1,598,000 = $19,509 (1.22% of price)oMaintenance, Repairs, Utilities & Insurance (per FY2016 & FY2017) = $17,180 (18¢psf)o Separately metered electric - tenants pay their owno Vacancy @ 5% = $7,905 and Management @ 7% = $11,067
$105,601 annual NOI - 6.6% CAP on actual – 67% of Gross Rents
Demographics 1 / 3 / 5 mile radius (Meridian Econometrics): Median Household Income = $50,621 / $61,615 / $64,530 Population = 28,544 / 107,783 / 226,043
Sales Comps on Page 4
Vista Professional Centre Page 2 of 46 Tenant 100% Occupied Retail Strip CenterFor Sale $1,598,0007,993 SF Building on 27,443 SF Lot
Information herein is compiled from data believed to be correct, but TIE Commercial assumes no liability for any inaccuracies. Buyer to independently verify all information.
TIE Commercial - Robert Pew - CalBRE # 01157216 – cell/text 760.532.16001835 South Centre City Parkway #446, Escondido, California 92025
Vista Professional Centre – located in the center of major retail on East Vista Way
Vista Professional Centre Page 3 of 46 Tenant 100% Occupied Retail Strip CenterFor Sale $1,598,0007,993 SF Building on 27,443 SF Lot
Information herein is compiled from data believed to be correct, but TIE Commercial assumes no liability for any inaccuracies. Buyer to independently verify all information.
TIE Commercial - Robert Pew - CalBRE # 01157216 – cell/text 760.532.16001835 South Centre City Parkway #446, Escondido, California 92025
Vista Professional Centre Page 4 of 46 Tenant 100% Occupied Retail Strip CenterFor Sale $1,598,0007,993 SF Building on 27,443 SF Lot
Information herein is compiled from data believed to be correct, but TIE Commercial assumes no liability for any inaccuracies. Buyer to independently verify all information.
TIE Commercial - Robert Pew - CalBRE # 01157216 – cell/text 760.532.16001835 South Centre City Parkway #446, Escondido, California 92025