31318 Old Highway 395
Bonsall, CA 92003
COMMERCIAL LAND FOR LONG TERM LEASE · Property For Lease · 50,000 SF

Owner of the property is seeking a Developer or Developer Partner for a project at the South East juncture of IH 15 and Old 395 in North San Diego County. Subject property is over 14 acres with additional acreage to be added to the project upon completion of current ongoing negotiations for decertification by CalTrans of highway frontage property along the IH15 border of the property for return to this owner. This development will complement the Truckstop/convenience store project on the corner parcel of this intersection that is underway presently. The owner’s concept is for two hotels of the 2-3 star class and a commercial center to be placed on the subject property. There is more than adequate property owned for this concept. Owner is also very open to additional or different Development concepts that may be presented as well. The entirety of the property is available for development opportunities. This location is prime for commercial development and is well situated to support the project. It is located within the jurisdictional limits of City of Escondido, yet is still south of the Fallbrook area. Traffic studies show a tremendous average daily rate of traffic. There are no highway frontage hotels north of Escondido along the much-traveled IH15 corridor. The ingress and egress from the freeway going both ways is also a compelling factor in the capability of this property to be developed and to be both feasible and economically viable. Additionally, it is relatively close to San Diego proper to be a viable alternative to staying in one of the more congested hotels in the San Diego proper locale. The owner is seeking either a full development of all ground lease property or a development partnership. Owner is willing to provide full Ground Lease capability for between 60 (Sixty) and 99 (Ninety nine) years. Owner realizes that the cost of this development will load the front end of the project with expenses and is willing to do a structured long term lease with that in mind. A graduated rate starting pre-development and then into construction and then in to the completed development/project installation to final commercially leased and occupied end project completion and long term ground lease market level stages are understood. Owner willing to structure payments appropriate to all phases with the end resulting long term lease payment schedule culminating the phased process anticipated. Developers are encouraged to present their project thoughts with that in mind, realizing that the Owner is willing to work with the Developer to make this a Mutually Beneficial Opportunity for both Owner and Developer. There are presently NO PLANS to make this property available for a direct purchase and it is made available ONLY for a long term Ground Lease opportunity.