San Marcos, CA 92069 1402 4 Descanso Avenue
$10,500,000
Pending
4 more
Presented By: Michael Crain with Realty Incorporated; mike@realtyincorporated.com
- MLS# NDP2410387
- 12/04/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 38,580
Home Details
Now is the perfect time. Located right off the 78 freeway, and near Palomar College and Cal State University San Marcos. A must see Multi-tenant industrial building property in the North San Diego real estate market. Located on Descanso Avenue in the heart of the city's industrial area. These 5 fully leased buildings sit on 2 flat connected lots totaling 2.14 acres. The five buildings are set up into 38 suites ranging from 1,500 to 3,000 SF for users with smaller to mid-sized shop requirements.
Presented By: Michael Crain with Realty Incorporated; mike@realtyincorporated.com
Interior Features for 1402 4 Descanso Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories1
Other Rooms
Entry Level1
General for 1402 4 Descanso Avenue
Additional Parcels Description219-122-41-00, 219-122-42-00
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Building FeaturesPhoneSystem
Building NameDescanso Industrial Park
Business TypeAutoBody, AutoGlass, AutoRepairSpecialty, AutoService, Cabinets, ConstructionContractor, Industrial, Manufacturing, Mixed, MultiTenant, Upholstery
Buyer FinancingCash, Conventional
Cap Rate5.0
Carport Y/NNo
CitySan Marcos
Construction MaterialsAsphalt, Block, Drywall, Frame, Concrete
CountySan Diego
Current FinancingConventional
Current UseIndustrial
DirectionsFreeway 78 to Las Posas Exit, (first Street North) North to Descanso Ave., West on Descanso Ave., Property on your right (200 yards).
ElectricVolts220, Volts220InWorkshop
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense48129.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsSubmit
MLS Area92069 - San Marcos
MobileHomeRemainsYNNo
Net Operating Income525868.0
New ConstructionNo
Number Of Units Total38
Number of Units Leased38
Operating Expense82490.0
Property Attached Y/NNo
Property Sub Type AdditionalIndustrial
Property SubtypeIndustrial
Property TypeCommercialSale
Rent Control Y/NNo
RoofElastomeric
Senior Community Y/NNo
Special Listing ConditionsTrust
Standard StatusPending
StatusPending
Structure TypeIndustrial
TopographyLevel
Trash Expense0.0
UtilitiesElectricityConnected, SeeRemarks
Virtual TourClick here
Waterfront Y/NNo
Year Built1977
Year Built SourceAssessor
ZoningIndustrial Mix
Exterior for 1402 4 Descanso Avenue
Building Area Total38580.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions2 lots total - 388' X 266
Lot FeaturesSixteenToTwentyUnitsAcre, LotOver40000Sqft, Level, RectangularLot, StreetLevel, Flat
Lot Size Area2.4
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings5
Open Parking Y/NNo
Park NameDIP
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
Hal Schlegel
Broker Associate