mu-3 zoning (commercial - mixed-use | no residential ...€¦ · 200 n. las posas road - san...

200 N. LAS POSAS ROAD - SAN MARCOS, CA

Palomar College

San Marcos Middle School

1.65 ACRES - COMMERCIAL CORNER LOT

SALE PRICE: $1,975,000• MU-3 Zoning (Commercial - Mixed-Use | No Residential)• Rough Graded Pad• Signalized Intersection• 27,000 ADT at N. Las Posas Road

W Mission RdN

Las P

osas

Rd

S Pa

cific S

t

N Ra

ncho

Sant

a Fe

Rd

Grand Ave

SUBJECTPROPERTY

Alvin Dunn Elementary School

FOR ADDITIONAL INFORMATION:

Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com

AL APUZZO760.448.2442

[email protected] Lic#01323215

PATRICK MILLER, CCIM760.448.2445


2

200 N. LAS POSAS ROAD - SAN MARCOS, CA1.65 ACRES - COMMERCIAL CORNER LOT



AL APUZZO760.448.2442




PAGE CONTENT

3 AERIAL

4 LOCATION MAP

5 PROPERTY INFO

6 PLAT MAP

7 SALE COMPARABLES

8 LEASE COMPARABLES

10 DEMOGRAPHICS

No 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.

SUBJECTPROPERTY

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AL APUZZO760.448.2442




AER

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W Mission Rd

N La

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SUBJECTPROPERTY

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LOC

ATIO

N M

AP

DEL MAR

SOLANA BEACH

ENCINITAS

CARLSBAD

OCEANSIDE

CAMP PENDLETON

VISTA

SAN MARCOS ESCONDIDO

POWAY

PALOMAR MOUNTAIN

SAN DIEGO COUTNRY ESTATES

78

N

FALLBROOK

SUBJECT PROPERTY

PALOMAR AIRPORT

N L

as P

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Rd

W Mission Rd

Grand Ave

Linda Vista Dr

S Ra

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San

ta F

e Rd

SUBJECT PROPERTY

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AL APUZZO760.448.2442




LOCATION:

JURISDICTION: City of San Marcos

APN: 219-122-03-00 ACREAGE: 1.65 Acres

PROJECT STATUS: Rough Graded

TOPOGRAPHY: Flat

TRAFFIC COUNTS: Mission Road - 17,000 - ADT; Las Posas Road. - 27,000 ADT

ZONING: MU 3 (Commercial Mixed-Use) - Horizontal or vertical mixed-use allowed with required specific plan.

FAR: 1.0 Minimum & 1.50 Maximum

HEIGHT: 25’ Minimum & 54’ Maximum

SERVICES Water/Sewer Vallecitos Water District Electricity/Natural Gas SDG&E Fire San Marcos Fire Dept. Police SD County Sheriff’s Dept.

SCHOOL DISTRICT: San Marcos Unified School District

SALE PRICE: $1,975,000

PRO

PERT

Y IN

FO

PROPERTY FEATURESThe property is located at the southwest corner of W. Mission Road and N. Las Posas Road, just north of Highway 78 in the City of San Marcos, County of San Diego. Positioned less than 3 blocks north of the Highway 78, this site is ideally suited for commercial development on two of San Marcos’ busiest roads. With excellent accessibility and street visibility, this site presents developers, builders, and investors with tremendous retail or commercial development opportunity.

MU-3 ZONING & DEVELOPMENT STANDARDS

GENERAL PLAN LAND USE ELEMENT

CLICK LINKS BELOW TO VIEW DOCUMENTS

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/200NLasPosas/ZoningCode.pdf

http://www.lee-associates.com/elee/sandiego/LeeLandTeam/200NLasPosas/GeneralPlanLandUseElement.pdf

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Tax Map 200 N Las Posas Rd, San Marcos, CA 92069

Tax Map 200 N Las Posas Rd, San Marcos, CA 92069 11/16/2017 Page 1 (of 2)All information contained herein is subject to the Limitation of Liability for Informational Report set forth on the last page hereof. ©2005-2017 First American Financial Corporationand/or its affiliates. All rights reserved.

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SALE

CO

MPA

RAB

LES

1 El Camino Real - PC-Zoned Acreage (Part of Multi-Property) SOLDCarlsbad, CA 92009 San Diego County

Lc Investment 2010 LlcRecorded Buyer: Recorded Seller: Vre La Costa Llc4001 Maple AveDallas, TX 75219

True Buyer: TRT Holdings, Inc. Virtual Realty Enterprises, LLCTrue Seller:

Sale Date:

– Research Status:

Density:

Sale Price:

Topography:

$1,353,792.66 ($31.08/SF)$3,276,172 - Allocated10/11/2016 (1121 days on mkt) Land Area:

Zoning:Sale Conditions:

Lot Dimensions:Proposed Use:

-Level

Parcel No:Financing: -

Allocated

2.42 AC (105,415 SF)-Hold for Development

PC, Carlsbad-

$/AC Land Gross:

3731811Comp ID:

Map Page: Thomas Bros. Guide1147-E1

2 Emerald Dr @ Highway 78 - Undeveloped Shopping Center PAD SOLDVista, CA 92083 San Diego County

Vistacal Luxury Imports IncRecorded Buyer: Recorded Seller: Mossy European Imports Inc200 SW 1st AveFort Lauderdale, FL 33301

Mossy Nissan, Inc.True Seller:

Sale Date:


Density:

Sale Price:

Topography:

$1,603,652.23 ($36.81/SF)$1,794,500 - Full Value10/18/2016 Land Area:



-Level

Parcel No:Financing:

166-440-47Down payment of $1,794,500 (100.0%)

Full Value

1.12 AC (48,787 SF)-Retail

6-

$/AC Land Gross:

3737416Comp ID:

3 6191 Innovation Way - Lot 23 SOLDCarlsbad, CA 92009 San Diego County

RAF Pacifica Group, Inc.True Buyer: Recorded Seller: Lot 23 Bressi Ranch Llc111 C StEncinitas, CA 92024

Adam Robinson(858) 314-3116

221 15th StDel Mar, CA 92014

CruzanTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$1,088,998.89 ($25.00/SF)$4,824,270 - Confirmed09/29/2016 (317 days on mkt) Land Area:



-Level


213-261-14-00-

Confirmed

4.43 AC (192,971 SF)-Office

PC-

$/AC Land Gross:

3720474Comp ID:

Copyrighted report licensed to Lee & Associates - 533042. 6/25/2019

Page 1

4 425 W Mission Ave - Development Opportunity - Escondido, CA SOLDEscondido, CA 92025 San Diego County

NLA Escondido LLCRecorded Buyer: Recorded Seller: Jin Kyu & Joy Tokmi Heo445 Dexter AveMontgomery, AL 36104(334) 247-6145

3260 Ryan DrEscondido, CA 92025(760) 855-8756Jin Kyu & Joy Tokmi HeoTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


229-172-38$7,665,625 from Origin Bank

Confirmed

2.24 AC (97,574 SF)IrregularCommercial ...

GC-

$/AC Land Gross:

3946624Comp ID:

5 116 Myrtle Ave SOLDSan Marcos, CA 92078 San Diego County

Urban Villages San Marcos LLCRecorded Buyer: Recorded Seller: City of San Marcos5550 Carmel Mountain RdSan Diego, CA 92130

1 Civic Center DrSan Marcos, CA 92069(760) 744-1050City of San MarcosTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:

$1,687,500.00 ($38.74/SF)$1,350,000 - Confirmed11/08/2018 Land Area:



--


221-110-32, 221-110-33Down payment of $1,350,000 (100.0%)

Confirmed

0.80 AC (34,848 SF)--

--

$/AC Land Gross:

4583018Comp ID:

6 5807 Van Allen Way SOLDCarlsbad, CA 92008 San Diego County

Systems Machines AutomationCo

Recorded Buyer: Recorded Seller: Blackmore Lot 75 Lp

5807 Van Allen WayCarlsbad, CA 92008

The Blackmore CompanyTrue Seller:

Sale Date:


Density:

Sale Price:

Topography:




-Level


212-120-01Down payment of $0 (0.0%); $4,400,000 from California Bank & Trust

Confirmed

3.07 AC (133,729 SF)-Hotel

CM-

$/AC Land Gross:

3691529Comp ID:

Copyrighted report licensed to Lee & Associates - 533042. 6/25/2019

Page 2

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LEA

SE C

OM

PARA

BLE

S San Marcos, CA 92078 - San Marcos Ret Submarket

2,370 SF Retail Lease Signed Dec 2018 for $3.25 Triple Net (Asking)801 S Twin Oaks Valley Rd - 1st Floor Direct, Leased by 7-Eleven

1

Asking Rent: Start Date: Free Rent: Deal Type: Property Type:Starting Rent: Term: Escalations: On Market: Building Area:Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:

Leasing Rep: Landlord:Tenant Rep: Tenant SIC:

Lease Notes:

$3.25/NNN Jan 2019 New Lease Retail Class A10 Years 60 Mos 4,951 SFJan 2029 Shell Space

Epsteen & Associates - Joe Wojdowski, Gene Mello Sp5 Wood Alta San Marcos LlcGrocery Stores

ID# 160498811

Position: End Cap Dock/Drive In: Parking Ratio: 4.85/1,000 SF

San Marcos, CA 92078 - San Marcos Ret Submarket

2,016 SF Retail Lease Signed Nov 2018 for $3.42 Triple Net (Starting)670 W San Marcos Blvd - Partial 1st Floor, Leased by Panda Express

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Lease Notes:

Nov 2018 Renewal Retail Class B$3.42/NNN 5 Years 7,000 SF

Oct 2023 2003/2006

WestMar Commercial Brokerage, Inc. - Mark Esbensen Gap Retail LlcWestMar Commercial Brokerage, Inc. - Mark Esbensen Eating Places

ID# 161875111

Position: Dock/Drive In: Parking Ratio: 4.76/1,000 SF

Carlsbad, CA 92009 - Carlsbad Ret Submarket

5,559 SF Retail Lease Signed Jul 2018 for $4.00 Triple Net (Asking)6981 El Camino Real - 1st Floor Direct, Leased by Black Rail

3



Lease Notes:

$4.00/NNN Mar 2019 New Lease Retail Class C20 Mos 7,721 SF

Newmark Knight Frank - Aaron Hill, John Jennings Principal Financial Group, Inc.

ID# 159029841


Lease Comparables

Copyrighted report licensed to Lee & Associates - 533042.Page 1Page 1

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LEA

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OM

PARA

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S San Marcos, CA 92069 - San Marcos Ret Submarket

1,142 SF Retail Lease Signed Jun 2018 for $3.50 Triple Net (Asking)141 N Twin Oaks Valley Rd - 1st Floor Direct

4



Lease Notes:

$3.50/NNN Jul 2018 New Lease Retail Class B8 Mos 6,300 SFFull Build-Out Dec 2007/

Strategic Retail Advisors - Jeff Reenders, Candice Lazar Webb Management & Investments

ID# 156839051

Position: In-Line Dock/Drive In: Parking Ratio: 7.14/1,000 SF

Oceanside, CA 92056 - Oceanside Ret Submarket

2,200 SF Retail Lease Signed Jan 2018 for $4.00 Triple Net (Asking)3521 Cannon Rd - 1st Floor Direct, Leased by Starbucks

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Lease Notes:

$4.00/NNN Mar 2018 New Lease Retail Class B16 Mos 2,200 SF

1994/

Colliers International - Kirk D. Allison, Vic Gausepohl 34420 Monterey Plaza LLCEating Places

ID# 142525511

Position: Dock/Drive In: No/No Parking Ratio:

San Marcos, CA 92078 - San Marcos Ret Submarket

6,297 SF Retail Lease Signed Jan 2018 for $3.75 Triple Net (Asking)200-210 E Barham Dr - 1st Floor Direct, Leased by Cal State San Marcos

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Lease Notes:

$3.75/NNN Mar 2018 New Lease Retail Class B67 Mos 8,045 SFShell Space Aug 2013/

Cushman & Wakefield - Bruce R. Schiff, CCIM, Philip Lyons, CCIM Sea Breeze Properties

ID# 141549611


Lease Comparables

Copyrighted report licensed to Lee & Associates - 533042.Page 2Page 2

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AL APUZZO760.448.2442




DEM

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SUMMARY PROFILE2000-2010 Census, 2019 Estimates with 2024 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 33.1479/-117.1898RS1

200 N Las Posas Rd1 mi radius 3 mi radius 5 mi radius

San Marcos, CA 92069

PO

PU

LATI

ON

2019 Estimated Population 0 T 13,485 95,621 203,234

2024 Projected Population 0 T 13,759 97,908 208,222

2010 Census Population 0 T 10,366 82,670 179,706

2000 Census Population 0 T 8,052 63,940 138,885

Projected Annual Growth 2019 to 2024 - 0.4% 0.5% 0.5%

Historical Annual Growth 2000 to 2019 - 3.6% 2.6% 2.4%

2019 Median Age 31.6 36.1 37.5

HO

US

EH

OLD

S

2019 Estimated Households 0 T 3,965 32,242 70,686

2024 Projected Households 0 T 4,122 33,522 73,463

2010 Census Households 0 T 2,900 27,829 62,392

2000 Census Households 0 T 2,240 22,125 49,757

Projected Annual Growth 2019 to 2024 - 0.8% 0.8% 0.8%

Historical Annual Growth 2000 to 2019 - 4.1% 2.4% 2.2%

RA

CE

AN

D

ETH

NIC

ITY

2019 Estimated White - 50.0% 60.5% 65.8%

2019 Estimated Black or African American - 3.4% 3.2% 3.1%

2019 Estimated Asian or Pacific Islander - 12.2% 10.2% 9.6%

2019 Estimated American Indian or Native Alaskan - 0.6% 0.8% 0.7%

2019 Estimated Other Races - 33.8% 25.3% 20.8%

2019 Estimated Hispanic - 51.1% 39.1% 32.4%

INC

OM

E 2019 Estimated Average Household Income $0 T $82,223 $94,385 $108,711

2019 Estimated Median Household Income $0 T $75,427 $79,805 $88,835

2019 Estimated Per Capita Income $0 T $24,197 $31,906 $37,907

ED

UC

ATI

ON

(AG

E 2

5+)

2019 Estimated Elementary (Grade Level 0 to 8) - 16.8% 9.9% 6.8%

2019 Estimated Some High School (Grade Level 9 to 11) - 6.4% 5.5% 4.3%

2019 Estimated High School Graduate - 20.7% 20.8% 19.8%

2019 Estimated Some College - 22.2% 20.9% 21.4%

2019 Estimated Associates Degree Only - 10.9% 10.7% 10.5%

2019 Estimated Bachelors Degree Only - 16.4% 21.7% 24.5%

2019 Estimated Graduate Degree - 6.6% 10.4% 12.6%

BU

SIN

ES

S 2019 Estimated Total Businesses 0 T 1,527 5,310 10,325

2019 Estimated Total Employees 0 T 14,448 57,003 100,414

2019 Estimated Employee Population per Business - 9.5 10.7 9.7

2019 Estimated Residential Population per Business - 8.8 18.0 19.7

©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 4/2019, TIGER Geography



AL APUZZO760.448.2442


For More Information, Please Contact:

11Lee & Associates-North San Diego County | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | T: 760.929.9700 F: 760.929.9977 | www.lee-associates.com


mu-3 zoning (commercial - mixed-use | no residential ...€¦ · 200 n. las posas road - san...

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