Mission Flats - Sales_Property for Sale
Mission Flats - Sales_Property for Sale
3907 Mission Avenue, Oceanside, CA, 92058, US

Mission Flats - Sales

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present Mission Flats (“Property” or “Site”), a fully-entitled 137-unit mixed-use development opportunity with 3,500 square feet of retail space in Oceanside, California. Oceanside is the top submarket for projected rent growth and occupancy in the San Diego MSA, and this low-supply, high quality-of-life North County San Diego submarket is surging amidst a trend in national renter preference towards lower-density projects in desirable suburban destinations. Mission Flats will deliver on this demand, with low-density four-story elevator-served construction leaving ample room for a full set of Class A amenities, and a walkable transit-friendly location placing future residents within steps of dozens of retailers including Albertsons and Stater Bros. The Project is also proximate to local thoroughfare SR-76 as well as SR-78, the corridor connecting hundreds of thousands of jobs in North County San Diego, and is within a five-mile radius of most major amenities and attractions in North County including the Oceanside Pier, Pacific Ocean, Mission San Luis Rey, Civic Arts Plaza, and Downtown Oceanside. Mission Flats is designed as a four-story Type V elevator-served midrise community, with ample surface parking at 2.09 spaces per unit. Full entitlements for the project have been secured, creating a clear path to vertical construction. Construction is planned to commence in Q1 2024, with unit delivery slated to occur in Q2 2025, and stabilization occurring in Q1 2026.

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Attributes

Land area gross
3,500 sf

Media

Investment Highlights

  • Infill Microlocation in Desirable Coastal City
  • Strong Access to Employment
  • Market-Leading Multi-Housing Fundamentals
  • Historically Low-Supply Environment Expected to Continue Demand For Rental Housing


Mission Flats - Sales 4_Property for Sale

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Last updated
17 May 2024