Shopping Strip

Santa Fe Crossroads

1450 N Santa Fe Ave, Vista, CA 92083

Listing Price: $7,809,322

Cap Rate
6.31%
Gross SF
19,780
Rentable SF
19,780
Price/Gross SF
$394.81
Lot Size
1.65 acres
Year Built
1987

Investment Overview

• Santa Fe Crossings is located in northern Vista, adjacent to eastern Oceanside. Both cities are located in San Diego County. • The northwest San Diego County submarket is comprised of approximately 6.2M square feet of non-anchored retail space, with an occupancy rate of 93%. • Average effective rent in this submarket increased approximately 2% in 2019. • There are over 73,000 residents in this densely populated area and population growth is projected to increase 3.57% in a 3 mile radius of the property, over the next 5 years. • The average household income is over $76,100/year, in a 2 mile radius. • Proximity to schools, shopping and public transportation make this location desirable for those families looking for amenities that will add to their quality of life. • Daytime population exceeds 32,300 with most employers being family owned, entrepreneurial businesses.

Investment Highlights

  • The Santa Fe Crossings shopping center is a single story, two building retail property located on a 1.65 acre parcel (APN 161-053-18).
  • The property is 19,780 square feet and was constructed in 1987. It was renovated in 2018.
  • The property has provided stable cash flow during the pandemic and over the past decade. The center is currently 100% occupied.

Exclusively Listed By

  • Rick Puttkammer

    Vice President Investments

    Email Rick

    License(s): CA: 00664825

    San Diego

Shopping Strip

Santa Fe Crossroads

Listing Price: $7,809,322

Cap Rate
6.31%
Gross SF
19,780
Rentable SF
19,780
Price/Gross SF
$394.81
Lot Size
1.65 acres
Year Built
1987

Investment Highlights

  • The Santa Fe Crossings shopping center is a single story, two building retail property located on a 1.65 acre parcel (APN 161-053-18).
  • The property is 19,780 square feet and was constructed in 1987. It was renovated in 2018.
  • The property has provided stable cash flow during the pandemic and over the past decade. The center is currently 100% occupied.

Investment Overview

• Santa Fe Crossings is located in northern Vista, adjacent to eastern Oceanside. Both cities are located in San Diego County. • The northwest San Diego County submarket is comprised of approximately 6.2M square feet of non-anchored retail space, with an occupancy rate of 93%. • Average effective rent in this submarket increased approximately 2% in 2019. • There are over 73,000 residents in this densely populated area and population growth is projected to increase 3.57% in a 3 mile radius of the property, over the next 5 years. • The average household income is over $76,100/year, in a 2 mile radius. • Proximity to schools, shopping and public transportation make this location desirable for those families looking for amenities that will add to their quality of life. • Daytime population exceeds 32,300 with most employers being family owned, entrepreneurial businesses.

Exclusively Listed By

  • Rick Puttkammer

    Vice President Investments

    Email Rick

    License(s): CA: 00664825

    San Diego

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