$435,000
FOR SALEActive950 Boardwalk 202
San Marcos CA 92078
1,515
SF
Office
Type
2006
Built
$287/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Professional office condominium in Park Place North, centrally located in the active W San Marcos Blvd commercial corridor. Suite 202 offers approximately 1,515 SF on the second floor of an elevator-served three-story ~38,500 sq ft building on a 1.55 acre lot constructed in 2006. The project contains 18 units. The suite is positioned just steps from the elevator, common restrooms and stairway. The interior includes a spacious reception/lobby area, five private offices, a large conference room, a break room with sink, and an additional flex or administrative workspace. The layout is ideal for professional, legal, financial, consulting, insurance, real estate or administrative office use. The property is near Costco, Restaurant Row, Creekside Marketplace, restaurants, entertainment, financial services, healthcare providers and numerous professional businesses. Convenient access to SR-78 provides strong regional connectivity to Oceanside, Vista, Escondido, I-5 and I-15. A 2021 traffic analysis reported approximately 36,900 average daily vehicles on W San Marcos Blvd between Via Vera Cruz and Bent Ave, the measured segment nearest the property. The surrounding 92078 ZIP code has a median household income of approximately $120,268 and an estimated average household income of approximately $154,495, supporting a strong local customer base and demand for professional services. The location also benefits from proximity to Palomar College and Cal State San Marcos, which together contribute tens of thousands of students, faculty and employees to the local economy. Nearby SPRINTER rail and BREEZE bus service provide additional transportation options throughout North County. San Marcos continues to attract major investment, including the announced approximately $1.2 billion Scripps San Marcos Medical Center, expected to create about 1,700 jobs. Nearby Restaurant Row redevelopment plans include 202 residential condominiums, approximately 10,400 SF of commercial space and a 1.5-acre park. Ongoing growth around North City and the university area further expands the surrounding employment, residential and commercial base. San Marcos also supports approximately 4,290 businesses, nearly 42,000 local jobs and more than $1.7 billion in annual retail sales, reflecting the depth of the surrounding commercial economy. Call today to schedule a showing.
Property Information
Property Overview
Commercial - Office
Property Type
Active
Status
Commercial Mixed Use
Zoning
1.5512 acres
Lot Size
18
Total Units
1,515 SF
Square Footage
$287.13/SF
Price per SF
5.50%
Cap Rate
$5,350
Annual Tax
2,006
Year Built
3
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
5.5% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
5.50%
Cap Rate
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