Melrose Drive at Diamond Street, San Marcos, CA, 92078, US

ASCEND Land Site

Asset description

±16.12 Acre site in North County San Diego located at Melrose Drive and Diamond Street in San Marcos.

Fully mitigated for an industrial or residential development with grading permits ready to issue.

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Attributes

Investment strategy

Opportunistic

Land area net

16.12 acres

Zoning

Light Industrial (L-I)

Media

Investment highlights

UNIQUE, ONE-OF-ONE RESIDENTIAL OR INDUSTRIAL DEVELOPMENT OPPORTUNITY IN INFILL NORTH COUNTY SAN DIEGO WITH GRADING PERMITS READY TO ISSUE

JLL Industrial Capital Markets, serving as the exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in ASCEND (the “Property”), a ±16.12 acre site strategically positioned for residential, multi-family, or industrial development in the infill City of San Marcos, located in the highly sought after submarket of North County San Diego.

Currently zoned as Industrial land, the ±16.12 acre site will be delivered fully mitigated, with grading permits ready to issue, offering a generational opportunity to acquire one of the largest developments of scale, in a vastly land constrained market.

The Property presents a dual optionality approach for the investor, as they are potentially able to develop industrial or residential in the City of San Marcos, CA.