San Marcos Plaza

San Marcos, CA

Address:   330-40 Rancheros Drive

Year Built:   1989

Building SF:   153,282 SF

Acquisition Date:   April 2021

Projected Hold Period:   4 years


Multi-use, multi-tenant light industrial project with over 470 feet of direct freeway frontage visible from the highly traveled HWY 78.
  • Acquired a highly desirable light industrial asset at an attractive basis with potential for condominium conversion.
  • Asset was at 76% occupancy at acquisition with staggered short-term lease expirations allowing strong cash-flow and flexibility while repositioning;

Overview – Projected Project Level Returns


Projected IRR


Equity Multiple

4 years

Hold Period