IN ESCROW | Pacific Gateway Towers | 3142 & 3156 Vista Way, Oceanside, CA 92056
Sale Price: $16,350,000 ($237.82/SF)
In-Place Cap Rate: 6.73%
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Pacific Gateway Towers (the “Property”), an institutional-quality office building ideally located in Oceanside, California; one of North San Diego’s most desirable and up-and-coming coastal submarkets.
Encompassing 68,748 square feet, the recently renovated two-building, Class “A”, low-density, four-story project features spectacular architectural designs, high-end finishes, flexible configurations, creative workspace opportunities and abundant surface parking. Prominently located within the seaside community’s amenity-rich area of Oceanside, Pacific Gateway Towers also benefits from excellent proximity to Highway 78 and Interstate 5, executive residential communities and a wealth of restaurants, retailers, entertainment, hotels and resorts, together creating an unmatched environment in which to live, work and play.
Pacific Gateway Towers is 95.3% leased to 18 quality professional and medical tenants. Combined, this tenancy provides strong in-place cash flow and stability through the near term with well-balanced lease rollover. The potential to enhance value may be realized through the lease-up of future availability, where tenant demand, lack of quality product as competition and rental rates continue to soar. With the ideal combination of top-tier quality, a premier location, and income stability, the Property represents an outstanding opportunity for a quality investor to acquire an irreplaceable institutional quality asset in one of North San Diego County’s most sought-after markets.
VIRTUAL TOUR | BROCHURE | CONFIDENTIALITY AGREEMENT | LOCATION
Mark Avilla
Senior Director
Direct: 760-431-4223
mark.avilla@cushwake.com
CA License #01104562
