M-54 ZONED - images3.loopnet.com · DISCLAIMER Lee & Associates hereby advises all prospective purchasers of this property as follows: The information contained in this Marketing

Lee & Associates Commercial Real Estate Services - NSDC | 1900 Wright Place Suite 200 - Carlsbad, CA 92008 | P: (760) 929-9700 F: (760) 929-9977No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. Any of the foregoing information will need to be separately verified by Buyer.

Isaac Little, Principal760.929.7862

[email protected] Lic# 01702879

Al Apuzzo, Principal760.448.2442


Marko Dragovic, Principal760.929.7839


28361 Cole Grade Road | Valley Center, CA

M-54 ZONED - MULTIPLE COMMERCIAL BUILDINGS WITH OUTDOOR STORAGE YARD

Subject Property

DISCLAIMER

Lee & Associates hereby advises all prospective purchasers of this property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of this property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a single-tenant property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any single-tenant property to determine to your satisfaction withthe suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Lee & Associates Investments and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

Lee & Associates Commercial Real Estate Services - NSDC | 1900 Wright Place Suite 200 - Carlsbad, CA 92008 | P: (760) 929-9700 F: (760) 929-9977

28361 Cole Grade Road | Valley Center, CA

TABLE OF CONTENTS

Executive Summary 4

Property & Investment Overview 5

Parcel Map 6

Aerials 7

Location Map 9

Area Overview 10

Demographic Summary 11

M-54 ZONED - MULTIPLE COMMERCIAL BUILDINGS WITH OUTDOOR STRORAGE YARD

Page 4 of 13

DEMOGRAPHICS

Demographics: 1 Mile 3 Miles 5 Miles2017 Population 1,168 9,540 20,571Households 367 3,028 6,746Average HH Income $90,823 $103,188 $102,811

TRAFFIC COUNTS

Demographics: Vehicles Per DayValley Center Rd & Cole Grade Rd 20,000

EXECUTIVE SUMMARY

SUMMARYPrice: $1,395,000 $1,325,000Address: 28361 Cole Grade Road

Valley Center, CA 92082Building Square Feet: 4,380 (Approx.)

Acres: 3.0 (Approx.)Price/SF Building: $318.49 $302.51Price/SF Land: $10.67 $10.14Ownership: Fee SimpleAPN: 189-013-18-00Zoning: M-54 (Click to view zoning)

90% OWNER-USER FINANCING AVAILABLE

Valley Center Rd

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/28361ColeGradeRd/M54Zoning.pdf


Page 5 of 13

PROPERTY & INVESTMENT OVERVIEW

PROPERTY OVERVIEW

Lee & Associates is pleased to exclusively offer for sale approximately 4,380 square feet in multiple commercial buildings on 3.0 acres of industrial land in Valley Center, California. The subject property is located in northeast San Diego County. Strategically positioned in private Cole Grade area near Valley Center Road and within close proximity to Harrah’s Casino and the City of Escondido. The property has accessibility within a few miles of both Interstate 15 and California State Highway 78.

INVESTMENT OVERVIEW

The subject property is currently owner occupied and will be vacated at closing. The property zoning is M-54 which allows for a contractors, outside storage, auto or equipment sales and rental, manufacturing, wholesale, warehouse & distribution and a variety of other commercial uses. There is an immediate opportunity for a savvy investor to re-tenant and raise rents to market rates and dramatically improve the Net Operating Income of the project or hold for future development of the site within a much broader zoning.

PROPERTY HIGHLIGHTS

• High Desirable Zoning: The property is Zoned M-54, which is an industrial zone that allows outdoor or self storage. Outdoor storage zones are difficult to find and often yield a premium when sold.

• Secure Location: The property is fenced allowing for secure outdoor storage opportunities.

• Mutli-Use Site: The subject property can be used for a variety of businesses as an owner user with a residential home. The site includes 1 office or home, 2 workshop/storage buildings, 1 yard office and enclosed storage.

• Strong Demographics: There are over 9,540 residents within a 3 mile radius of the subject property with an average household income 103,000.

• Unique Opportunity: Whether the ultimate purchaser is an Owner-User, Investor, or Developer, the property is positioned to maximize interest from multiple disciplined Buyers.


Page 6 of 13

PARCEL MAPTax Map 28361 Cole Grade Rd, Valley Center, CA 92082

Tax Map 28361 Cole Grade Rd, Valley Center, CA 92082 8/31/2017 Page 1 (of 2)

This report is only for the myFirstAm user who applied for it. No one else can rely on it. As a myFirstAm user, you already agreed to our disclaimer regarding third party propertyinformation accuracy. You can view it here: www.myfirstam.com/Security/ShowEULA. ©2005-2017 First American Financial Corporation and/or its affiliates. All rights reserved.


Page 7 of 13

AERIAL OVERVIEW

Subject Property

Also Available


Page 8 of 13

Valley Center Elementary School

Subject Property

Lilac Rd

Vesper Rd

Cole

Gra

de R

d

Valley Center Rd

Robert Adams Community Park


Page 9 of 13

LOCATION MAP

SUBJECT PROPERTY


Page 10 of 13

AREA OVERVIEW

TOWN OF VALLEY CENTER

Year of Incorporation: 1888

Population: 9,277 (Est. 2010 Census)

Land Area: 27.4 square miles

Location: Valley Center is located 35 miles north of downtown San Diego northeast San Diego County. The Town is bordered by Escondido to the south, unincorporated San Diego County to the east and north and Bonsall to the west. The Town is centrally located between San Diego and southwest Riverside County, within 40 minutes travel time of over 3.0 million people.

TRANSPORTATION FACILITIES AND SERVICES

Interstate Freeways: Interstate 15 generally runs long the western edge of town from north to south. California State Highway 78 is accessed just south of town and provides additional east-west access throughout North County.

Public Transit: North County Transit District provides bus service (#388) through the Town and adjacent areas and connects to the San Diego Metropolitan Transit system and the Riverside Transit Agency. It also operates the Sprinter, connecting to the Oceanside Transit Center and three commuter rail lines (Coaster, Metrolink Orange County & Metrolink Inland Empire) as well as the Amtrak Pacific Surfliner.


Page 11 of 13

DEMOGRAPHIC SUMMARY

Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 33.2272/-117.0214RS1

28361 Cole Grade Rd1 mi radius 3 mi radius 5 mi radius

Valley Center, CA 92082P

OP

ULA

TIO

N

2017 Estimated Population 1,168 9,540 20,571

2022 Projected Population 1,255 10,191 21,908

2010 Census Population 1,105 9,027 19,553

2000 Census Population 714 6,987 15,441

Projected Annual Growth 2017 to 2022 1.5% 1.4% 1.3%

Historical Annual Growth 2000 to 2017 3.7% 2.1% 2.0%

2017 Median Age 38.1 40.1 41.8

HO

US

EH

OLD

S

2017 Estimated Households 367 3,028 6,746

2022 Projected Households 395 3,235 7,185

2010 Census Households 353 2,918 6,526

2000 Census Households 235 2,300 5,206



RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 58.5% 64.5% 68.0%

2017 Estimated Black or African American 2.0% 1.3% 1.2%

2017 Estimated Asian or Pacific Islander 6.0% 5.1% 5.4%

2017 Estimated American Indian or Native Alaskan 7.0% 4.8% 4.2%

2017 Estimated Other Races 26.5% 24.3% 21.2%

2017 Estimated Hispanic 31.6% 31.2% 28.2%

INC

OM

E 2017 Estimated Average Household Income $90,823 $103,188 $102,811

2017 Estimated Median Household Income $73,997 $87,599 $88,551

2017 Estimated Per Capita Income $28,562 $32,797 $33,758

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ATI

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( AG

E 2

5+)

2017 Estimated Elementary (Grade Level 0 to 8) 5.7% 6.0% 5.6%

2017 Estimated Some High School (Grade Level 9 to 11) 6.8% 9.1% 7.9%

2017 Estimated High School Graduate 25.8% 24.6% 22.0%

2017 Estimated Some College 27.7% 24.5% 24.3%

2017 Estimated Associates Degree Only 5.9% 8.2% 9.8%

2017 Estimated Bachelors Degree Only 16.9% 18.7% 20.8%

2017 Estimated Graduate Degree 11.2% 8.9% 9.5%

BU

SIN

ES

S 2017 Estimated Total Businesses 67 279 547

2017 Estimated Total Employees 645 2,911 9,853

2017 Estimated Employee Population per Business 9.6 10.4 18.0

2017 Estimated Residential Population per Business 17.3 34.1 37.6


Page 12 of 13

DEMOGRAPHIC SUMMARY

Demographic Source: Applied Geographic Solutions 10/2016, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 33.1159/-117.0852RS1

515 W 4th Ave1 mi radius 3 mi radius 5 mi radius

Escondido, CA 92025

PO

PU

LATI

ON

2016 Estimated Population 24,650 141,340 208,496

2021 Projected Population 26,137 148,780 219,189





2016 Median Age 31.2 34.1 35.7

HO

US

EH

OLD

S

2016 Estimated Households 7,128 43,461 66,674

2021 Projected Households 7,550 45,710 70,049

2010 Census Households 6,640 41,565 63,602

2000 Census Households 6,467 40,427 58,718



RA

CE

AN

DE

THN

ICIT

Y

2016 Estimated White 52.6% 58.0% 62.0%

2016 Estimated Black or African American 2.5% 2.7% 2.7%

2016 Estimated Asian or Pacific Islander 4.6% 6.6% 7.6%

2016 Estimated American Indian or Native Alaskan 1.3% 1.0% 0.9%

2016 Estimated Other Races 38.9% 31.6% 26.8%

2016 Estimated Hispanic 63.7% 51.8% 43.8%

INC

OM

E 2016 Estimated Average Household Income $60,142 $67,958 $76,897

2016 Estimated Median Household Income $48,423 $58,211 $65,320

2016 Estimated Per Capita Income $17,627 $21,046 $24,724

ED

UC

ATI

ON

(AG

E 2

5+)

2016 Estimated Elementary (Grade Level 0 to 8) 22.7% 16.0% 12.1%

2016 Estimated Some High School (Grade Level 9 to 11) 12.6% 11.0% 9.1%

2016 Estimated High School Graduate 19.1% 21.1% 20.0%

2016 Estimated Some College 18.7% 19.5% 20.1%

2016 Estimated Associates Degree Only 7.6% 10.4% 12.0%

2016 Estimated Bachelors Degree Only 13.5% 15.4% 18.3%

2016 Estimated Graduate Degree 5.9% 6.6% 8.4%

BU

SIN

ES

S 2016 Estimated Total Businesses 2,118 5,812 7,327

2016 Estimated Total Employees 21,438 66,784 81,042

2016 Estimated Employee Population per Business 10.1 11.5 11.1

2016 Estimated Residential Population per Business 11.6 24.3 28.5

Lee & Associates Commercial Real Estate Services - NSDC | 1900 Wright Place Suite 200 - Carlsbad, CA 92008 | P: (760) 929-9700 F: (760) 929-9977No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. Any of the foregoing information will need to be separately verified by Buyer.

Exclusively Listed By:

LEE & ASSOCIATESCommercial Real Estate Services

Marko Dragovic, Principal760.929.7839


Isaac Little, Principal760.929.7862


Al Apuzzo, Principal760.448.2442


Documents

M-54 ZONED - images3.loopnet.com · DISCLAIMER Lee & Associates hereby advises all prospective purchasers of this property as follows: The information contained in this Marketing