952 Postal Way, Vista, CA 92083

$2,550,000
2
BD
List Price
$2,550,000

Property Description

Property Features: • Zoning SP-DV (Specific Plan – Downtown Vista) and MU (Mixed Use) • 89 parking spaces for a 4.8 space per 1000sf parking ratio • 700’+ of street frontage along Postal Way and Santa Fe Place • Campus-like setting constructed circa 1990 • Easy access to the freeway (Highway 78) • Walking distance to mass transit (Sprinter / bus stations) and to shops and restaurants • Approximately 36 suites including ±20 small executive suites of 400sf or less • Extensive plumbing throughout the property • 17 restrooms in the two buildings • Larger building has fire sprinkler system • Many medium to large apartment complexes across the street to the south Financial Information: • Current occupancy ±51% (20 tenants in occupancy) • Current gross rents all tenants ±$14,840 ($1.66psf average for current occupied space) • Current Gross Rent Multiplier ±14.3, CAP on current occupancy ±3.5% • Average Annual Expenses over prior 3 years $89k per Owner/Seller’s Schedule E’s • Owner/Seller self-manages including all l

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Listing courtesy of TIE Commercial

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