Pacific Coast Business Park Back
Pacific Coast Business Park
- 122-Acre Industrial Property
- Approved for +/-1,200,000 Sq. Ft.
While the 122-acre site was zoned for industrial use upon acquisition, the Monarch team and select joint venture partners undertook additional entitlement work, including processing the Environmental Impact Report, developing a comprehensive Master Plan, and obtaining Final Map approval. The project team worked closely with the City of Oceanside and local community groups to create an upscale industrial park and successfully obtained City Council approval to establish a Community Facilities District in order to issue bonds to assist with up-front public infrastructure costs.
Post-sale, the project team oversaw +/-$20 million in budgeted infrastructure costs. This included completing on-site improvements such as grading as well as off-site improvements coordinated with the City of Oceanside. Based on the Master Plan developed by the project team, at build-out Pacific Coast Business Park will offer +/-1,200,000 sq. ft. covering a broad range of product types in the business market, from multi-tenant and small single-user buildings to larger manufacturing and warehouse uses.