Download - PROPERTY DESCRIPTION
RUSS JABARAAssociate Vice President (760) [email protected] License No: 013115296
DAVE PINNEGARSenior Vice President (760) [email protected] License No: 00856143
COLLIERS INTERNATIONAL5901 Priestly Drive, Suite 100
Carlsbad, CA 92008(760) 438-8950
VISTA TECH CENTERFLASH REPORT I OCTOBER 2013
PREPARED FOR
PROPERTY SUMMARY
Address 1483-1499 Poinsettia Ave, Vista, CA 92083
Product Type
Industrial / R&D
Size 228,688 SF
# of units 63
Availability 66,262 SF
Parking 3.0/1,000
Loading Grade level (Dock 1491 building only)
Year Built 2000
Construction
Concrete Tilt-up
Condition Excellent
Zoning LI (Light Industrial)
Sprinklers Yes
Clear Height
16’-18’ (26’ in 1491 building)
Power 200 amp 120v(industrial units)
Project Occupancy
71%
CURRENT ASKING RATE
Asking Rate $0.79-$0.85 MG
CAMs/NNNs $0.14/$0.28
RECOMMENDED IMPROVEMENTS
1491 Poinsettia will need to potentially be repositioned
LEASE COMPARABLESAddress Size SF
Office SF
Date Rate Term
2826 La MiradaVista
4,060 3/1/2013 $0.70MG
36 Months
2588 Progress StVista
2,966 11/1/13 $0.73 Gross
60 Months
1120 Sycamore Vista
2,804 8/1/13 $0.73Gross
60 Months
PROPERTY DESCRIPTIONVista Technology Center is a nine building, 228,688 SF multi-tenant business park located in a highly desirable area within Vista Business Park. Eight of the buildings are made up of units ranging from 1,450 SF up to 5,250 SF with an average of 20-25% office space. The 9th building is a larger 75,770 SF building at the rear of the property designed for one to two tenants.STRENGTHS CHALLENGES■ High image industrial park■ Excellent location■ Well diversified size ranges■ Good parking ratio
■ High NNNs■ Large special use building at
back of park (1491)
COMPETING PROPERTIES FOR LEASEAddress Owner Avg
Unit Size
Occ % Asking Rate(PSF)
Operating Exp/ Taxes (PSF)
Rancho Vista1240 Activity DrVista
Square One Development
1,200-5,000
SF
87.5% $0.69-$0.80 MG
$0.125
Cam
Vista Oaks2870 Scott StVista
H.G. Fenton 1,750-5,368
SF
78% $0.80-$0.85 MG
$0.10
Cam
Oak Ridge2790 Business Park DrVista
SR Commercial
21,208-48,208
SF
0% $0.99 NNN $0.18
Nets
RUSS JABARAAssociate Vice President (760) [email protected] License No: 013115296
DAVE PINNEGARSenior Vice President (760) [email protected] License No: 00856143
COLLIERS INTERNATIONAL5901 Priestly Drive, Suite 100
Carlsbad, CA 92008(760) 438-8950
VISTA TECH CENTERFLASH REPORT I OCTOBER 2013
PREPARED FOR
SITE PLAN
