3665 Via De La Valle | Del Mar, CA 92014
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- LoopNet Team
3665 Via De La Valle
Del Mar, CA 92014
CORPORATE GUARANTEED ALL CREATURES HOSPITAL · Office Property For Sale
Investment Highlights
- Attractive offering Actual CAP Rate of 5.00% / Single Tenant NNN properties in the immediate area are trading between 4.00%-4.50% CAP rates.
- Single Tenant NNN, 10 year lease, with built-in 3.00% rental increases/ Del Mar is a quaint seaside village located just 20 miles north of San Diego.
- The tenant has occupied this location for many years and is a local favorite! Recently signed new 10 year lease agreement.
- ProForma CAP Rate of 5.14%. The ProForma CAP Rate is achieved at next built-in 3.00% rental increase
- Additional passive income of $7,800/YR, long term land lease of 17,500 Sq. Ft. of vacant undeveloped land/ Lot is a total of 1.38acres, 60,113 Sq. FT.
- Ample onsite parking Asphalt-paved parking area of 26+ spaces. (5.36 per 1,000 SF)
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
4,850 SF
Building Class
B
Year Built
1984
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,425 SF
Building FAR
0.08
Lot Size
1.38 AC
Zoning
A
Parking
25 Spaces (5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 302-210-52 | Improvements Assessment | $1,071,000 |
| Land Assessment | $3,060,000 | Total Assessment | $4,131,000 |
PROPERTY TAXES
Parcel Number
302-210-52
Land Assessment
$3,060,000
Improvements Assessment
$1,071,000
Total Assessment
$4,131,000
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