Oceanside Square
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Oceanside Square
2 Retail Properties Offered at $12,000,000 in Oceanside, CA
Investment Highlights
- 35,013 SF shopping center with 21 diverse tenants in Oceanside, CA located in a high-demand retail and residential area.
- New roof installed in 2022 with a 15-year warranty, parking lot resurfaced in 2024, landscaping & paint in 2024 and led lighting in 2019
- Strategically positioned at Oceanside Blvd and Temple Heights Drive, surrounded by national retailers and located in an affluent community
- Average in-place rent of $1.86/SF, about 25% below market, offering potential for rent increases and NOI growth by optimizing tenant mix.
- Competitive rent levels ensure low occupancy costs, increasing long-term renewal probability and overall tenant retention.
- 61% of tenants have remained in property for 10+ years, long term tenancy and resilience through challenging environments.
Executive Summary
The Totah Group of Marcus & Millichap is pleased to present Oceanside Square a highly desirable multi-tenant retail strip center located at 4750- 4760 Oceanside Blvd in Oceanside, CA. Spanning 35,013 square feet and 95.14% leased, this center consists of 21 diverse tenants, providing investors with a stable and income-generating asset. The property benefits from two convenient ingress/egress access points, ensuring excellent visibility and traffic flow. Oceanside Square is strategically positioned in an area experiencing rapid growth, with several new housing developments nearby, driving increased foot traffic and demand for retail services in the area.
One of the key advantages of Oceanside Square is the significant upside in rents, with current in-place rent averaging $1.86/SF, approximately 25% below market. This presents a prime opportunity for investors to drive rental growth, optimize the tenant mix and boost the property’s NOI. The center also benefits from shallow, efficiently sized tenant suites that support high occupancy rates, optimal rents, and low improvement costs, helping to keep CapEx to a minimum year over year.
With 61% of the gross leasable area occupied by tenants for 10+ years, Oceanside Square has demonstrated long-term tenant stability, highlighting its resilience even during challenging economic periods, such as the pandemic, when many retail properties struggled. The property also features NNN leases and staggered lease expirations, coupled with a diverse mix of internet- resistant tenants, including food, fitness, and service providers, reducing rollover risk and ensuring consistent foot traffic.
Located in a growing, densely populated, and affluent coastal community, Oceanside Square serves a population of 172,199 with an average household income of $109,818. The influx of new housing developments nearby further solidifies this property’s long-term viability as a key retail hub. With limited future competition in this infill, supply-constrained market, Oceanside Square offers investors a generational acquisition opportunity in one of North San Diego County’s most promising retail trade areas.
One of the key advantages of Oceanside Square is the significant upside in rents, with current in-place rent averaging $1.86/SF, approximately 25% below market. This presents a prime opportunity for investors to drive rental growth, optimize the tenant mix and boost the property’s NOI. The center also benefits from shallow, efficiently sized tenant suites that support high occupancy rates, optimal rents, and low improvement costs, helping to keep CapEx to a minimum year over year.
With 61% of the gross leasable area occupied by tenants for 10+ years, Oceanside Square has demonstrated long-term tenant stability, highlighting its resilience even during challenging economic periods, such as the pandemic, when many retail properties struggled. The property also features NNN leases and staggered lease expirations, coupled with a diverse mix of internet- resistant tenants, including food, fitness, and service providers, reducing rollover risk and ensuring consistent foot traffic.
Located in a growing, densely populated, and affluent coastal community, Oceanside Square serves a population of 172,199 with an average household income of $109,818. The influx of new housing developments nearby further solidifies this property’s long-term viability as a key retail hub. With limited future competition in this infill, supply-constrained market, Oceanside Square offers investors a generational acquisition opportunity in one of North San Diego County’s most promising retail trade areas.
Property Facts
| Price | $12,000,000 | Status | Active |
| Price / SF | $342.73 / SF | Number of Properties | 2 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 6.29% | Total Building Size | 35,013 SF |
| Sale Type | Investment NNN | Total Land Area | 5.46 AC |
| Price | $12,000,000 |
| Price / SF | $342.73 / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 6.29% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 35,013 SF |
| Total Land Area | 5.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Oceanside Square
4750 Oceanside Blvd, Oceanside, CA 92056 |
Retail | 28,820 SF | 1989 | - |
| 4750-4760 Oceanside Blvd, Oceanside, CA 92056 | Retail | 6,193 SF | 1989 | - |
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