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Office Vacant-User

661 E Grand Ave

661 E Grand Ave, Escondido, CA 92025

Listing Price: $875,000

Gross SF
3,562
Rentable SF
3,562
Price/Gross SF
$245.65
Lot Size
0.17 acres
Year Built
1952

Investment Overview

Marcus & Millichap is pleased to present for sale a beautiful medical office triplex in the heart of downtown Escondido. The offering includes three suites totaling 3,562 square feet of rentable medical office or retail space on the corner of Fig and Grand. Located three blocks from downtown retail district and one block from the proposed fourteen-acre mixed use commercial/residential project that is on site of the old Palomar Hospital. This is a great value add opportunity for a buyer to come in and restructure leases to their desire. The property is currently for sale with a single month to month tenant paying below market rent for approximately 1/3 of the available space. This allows flexibility for improvements and raise rents up to market value. Escondido sits in the valley along the coastal mountains of Southern California. 18 miles inland,100 miles south of Los Angeles and 30 miles northeast of San Diego is a vibrant and diverse community of more than 145,000 people. Escondido provides a thriving urban environment and is emerging as an economic leader in the forefront of job development and new industries.

Investment Highlights

  • • 3,562 SF Class B Medical Office Zoned for Hospital Professional and Medical Retail • Great Value Add Opportunity with Month to Month Lease Currently Below Market
  • • Affordable Owner/User Rate with Existing Income • Escondido Has Low Vacancy for Medical Office • Beautiful Triplex in the Heart of Downtown Escondido
  • • Highly Visible Signalized Corner of Fig and Grand With 185 Feet of Frontage • Walkable Urban Location and Quick Access to I-15 and CA-78

Exclusively Listed By

Listing Price: $875,000

Gross SF
3,562
Rentable SF
3,562
Price/Gross SF
$245.65
Lot Size
0.17 acres
Year Built
1952

Investment Highlights

  • • 3,562 SF Class B Medical Office Zoned for Hospital Professional and Medical Retail • Great Value Add Opportunity with Month to Month Lease Currently Below Market
  • • Affordable Owner/User Rate with Existing Income • Escondido Has Low Vacancy for Medical Office • Beautiful Triplex in the Heart of Downtown Escondido
  • • Highly Visible Signalized Corner of Fig and Grand With 185 Feet of Frontage • Walkable Urban Location and Quick Access to I-15 and CA-78

Investment Overview

Marcus & Millichap is pleased to present for sale a beautiful medical office triplex in the heart of downtown Escondido. The offering includes three suites totaling 3,562 square feet of rentable medical office or retail space on the corner of Fig and Grand. Located three blocks from downtown retail district and one block from the proposed fourteen-acre mixed use commercial/residential project that is on site of the old Palomar Hospital. This is a great value add opportunity for a buyer to come in and restructure leases to their desire. The property is currently for sale with a single month to month tenant paying below market rent for approximately 1/3 of the available space. This allows flexibility for improvements and raise rents up to market value. Escondido sits in the valley along the coastal mountains of Southern California. 18 miles inland,100 miles south of Los Angeles and 30 miles northeast of San Diego is a vibrant and diverse community of more than 145,000 people. Escondido provides a thriving urban environment and is emerging as an economic leader in the forefront of job development and new industries.

Exclusively Listed By

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