Deer Springs Equestrian Facility

Deer Springs Equestrian Facility

140 Deer Springs Rd, San Marcos, CA 92069

$SOLD

Easily accessible and well designed facility in the city of San Marcos with direct access to the city maintained trail system. New construction priced well below replacement cost.

Commercial equestrian center with two residences offers cash flow with upside potential. 3% return, as leased at 60% occupancy. Occupancy low due to bank failure. Stabilized return of 7.25% projected at 95% occupancy, with additional upside potential. Major use permit for up to 139 horses, set up for 110 horses with huge covered arena and feed store. New construction. Priced below cost. Includes APN 182-073-02-00, 182-073-05-00, 182- 270-21-00 fee simple and portion of 182-073-03-00, leased for total of 19 acres. Property improvements include tack and feed store, large covered arena, 24 stall main barn, 86 covered breezeway pipe corrals, regulation sized dressage arena, 3 additional arenas, large turnout, large round pen, trailer parking and room to expand.

Property Details

Boarding & Training Facility 3 Bedroom 2 Bathroom 1,422 ft2 19.06 Acres 8 Barns 24 Stalls 86 Stalls with In & Outs 5 Arenas 1 Round Pens 1 Paddocks 1 Guest Houses 4 Number of Parcels Multiple Cross Ties 1 Hay Storage 1 Wells

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Compass is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. License number 01527365. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

©2019 Equestrian Real Estate | Compass DRE # 01527365 | Caren Kelley CA DRE # 01003787 | Service Comment 

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