United StatesCaliforniaEscondidoMidway1316 East Grand

1316 East Grand 1316 East Grand Escondido, California 92027 United States

$8,300,000
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Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from...

Newmark of Southern California

Listing Courtesy of Newmark of Southern California
$8,300,000
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2,064 m²
Exterior
Commercial
Property type
250018218SD
Web Id
250018218SD
MLS ID
Escondido Union High
School District
90
days ago
This Property is Currently Contract Pending

About 1316 East Grand

Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.

Listing Courtesy of Newmark of Southern California

Amenities

  • heating/cooling

features

Additional Listing Type
In Contract

ADDITIONAL INFORMATION

Number of Units
15
Listing Courtesy of Newmark of Southern California

Newmark of Southern California

Listing Courtesy of Newmark of Southern California
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