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Single-Tenant Office Medical

North County Oral & Facial Surgery Center

839 E Grand Ave, Escondido, CA 92025

Listing Price: $7,000,000

Cap Rate
7.31%
Tenant Name
NCOFSC, LLC
Years Remaining On Lease
2.8
Gross SF
11,400
Guarantor
Corporate Guarantee
Rentable SF
11,400
Price/Gross SF
$614.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.88

Investment Overview

Marcus & Millichap is pleased to present 839 E Grand Ave located in Escondido, California. The
subject property is an approximately 11,400-square foot single-story build-to-suit medical/dental and
top of the line surgery center, and is situated on a hard corner 1.58 acres land. The property is 100% occupied by North County Oral & Facial Surgery Center (NCOFSC), a leading dental and oral surgery center with expertise in oral surgery implants, extractions, general anesthesia and more. The Tenant, NCOFSC, is subject to a Triple Net (NNN) lease with 3% annual increases.

The building was purpose-built for NCOFSC in 2009 to be JCAHCO compliant. Utilizing top-of-the-line construction the building has an onsite generator, two-hour fire walls between surgical and administrative areas, Positive Pressure Ventilation (PPV) for OR, medical gases (controlled under stringent requirements) to patients undergoing anesthesia, emergency shut-offs, medical grade OR floors. Entry area has granite countertops, designer glass separation walls and doors, textured walls, high ceilings, upgraded lighting, welcoming large entry waiting and front desk service areas.

The interior has 8 oral surgery rooms, 7 exam and 4 consulting rooms, separate office/administration, and private doctor and nurse offices. Large kitchen and conference area for Continuing Education (CE) instruction.

The exterior is made of stucco architectural sheet metal, has 6 HVAC units to quickly cool or warm OR's as needed. There are approximately 55 surface parking spaces available on all sides with a 4.82/1,000 ratio.

The NCOFSC Escondido location is the largest and most active office of its three locations (Escondido, Encinitas and San Diego). The property is located 2.9 miles from Palomar Medical Center, east of I-15 Freeway and two blocks from the new multimillion-dollar development in Escondido called Palomar Heights. Palomar Heights will include 258 for-rent apartments, 90 senior apartments earmarked for
residents 55 and up, as well as 162 for-sale row homes and villas.

Escondido is a city in San Diego County's North County region, 30 miles northeast of downtown
San Diego, 15 miles from the ocean, and 40 miles from the Mexican border and a population of
151,038 (2020). The City boasts an average Household income of $100,000 in a 5-mile radius and
home values $500,000 and up.

Investment Highlights

  • 11,400 Square Foot Build-To-Suite Medical/Dental Building with Surgery Center
  • Triple Net (NNN) Lease with Attractive 3% Annual Increases
  • 100% Occupied Single-Tenant with Long-Term Operating History
  • Located downtown Escondido, Two Blocks from 510-home, 13.8-acre urban infill development in the city of Escondido

Exclusively Listed By

  • Ryan Gonzales

    First Vice President Investments

    (858) 373-3127

    Email Ryan

    License(s): CA: 01109934, NV: BS.0146068

    San Diego

Financing By

Single-Tenant Office Medical

North County Oral & Facial Surgery Center

Listing Price: $7,000,000

Cap Rate
7.31%
Tenant Name
NCOFSC, LLC
Years Remaining On Lease
2.8
Gross SF
11,400
Guarantor
Corporate Guarantee
Rentable SF
11,400
Price/Gross SF
$614.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.88

Investment Highlights

  • 11,400 Square Foot Build-To-Suite Medical/Dental Building with Surgery Center
  • Triple Net (NNN) Lease with Attractive 3% Annual Increases
  • 100% Occupied Single-Tenant with Long-Term Operating History
  • Located downtown Escondido, Two Blocks from 510-home, 13.8-acre urban infill development in the city of Escondido

Investment Overview

Marcus & Millichap is pleased to present 839 E Grand Ave located in Escondido, California. The subject property is an approximately 11,400-square foot single-story build-to-suit medical/dental and top of the line surgery center, and is situated on a hard corner 1.58 acres land. The property is 100% occupied by North County Oral & Facial Surgery Center (NCOFSC), a leading dental and oral surgery center with expertise in oral surgery implants, extractions, general anesthesia and more. The Tenant, NCOFSC, is subject to a Triple Net (NNN) lease with 3% annual increases. The building was purpose-built for NCOFSC in 2009 to be JCAHCO compliant. Utilizing top-of-the-line construction the building has an onsite generator, two-hour fire walls between surgical and administrative areas, Positive Pressure Ventilation (PPV) for OR, medical gases (controlled under stringent requirements) to patients undergoing anesthesia, emergency shut-offs, medical grade OR floors. Entry area has granite countertops, designer glass separation walls and doors, textured walls, high ceilings, upgraded lighting, welcoming large entry waiting and front desk service areas. The interior has 8 oral surgery rooms, 7 exam and 4 consulting rooms, separate office/administration, and private doctor and nurse offices. Large kitchen and conference area for Continuing Education (CE) instruction. The exterior is made of stucco architectural sheet metal, has 6 HVAC units to quickly cool or warm OR's as needed. There are approximately 55 surface parking spaces available on all sides with a 4.82/1,000 ratio. The NCOFSC Escondido location is the largest and most active office of its three locations (Escondido, Encinitas and San Diego). The property is located 2.9 miles from Palomar Medical Center, east of I-15 Freeway and two blocks from the new multimillion-dollar development in Escondido called Palomar Heights. Palomar Heights will include 258 for-rent apartments, 90 senior apartments earmarked for residents 55 and up, as well as 162 for-sale row homes and villas. Escondido is a city in San Diego County's North County region, 30 miles northeast of downtown San Diego, 15 miles from the ocean, and 40 miles from the Mexican border and a population of 151,038 (2020). The City boasts an average Household income of $100,000 in a 5-mile radius and home values $500,000 and up.

Exclusively Listed By

  • Ryan Gonzales

    First Vice President Investments

    (858) 373-3127

    Email Ryan

    License(s): CA: 01109934, NV: BS.0146068

    San Diego

Financing By

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