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Listing Details

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School Ratings & Info

Description

Ocean views meet opportunity in Encinitas! Investment or Owner-User meticulous Class B building. This 10,000 SQFT 2 Story property boasts 31 Suites & 45 Parking Spaces. Suites allow for flexible tenant configuration. New roof and solar added for inexpensive operating costs. Floor 1 completely modernized & refinished. Close to Downtown Encinitas Shopping & Dining; less than a Mile from the Encinitas Coaster Station & the crashing waves of Moonlight Beach. Work where you Beach, Beach where you work in this desired Coastal Community. *Call Listing Agent for Financials and Offering Memorandum. - Owner-user opportunity: flexible suite sizes and lease terms allow an owner-user to occupy over 51% of the property at close of escrow; highly visible building signage currently available for an owner-user. - Investment opportunity: below market rents and executive suite infrastructure present investors multiple avenues to significantly increase returns. - Ideal coast location: minutes away from downtown Encinitas and walking distance to multiple retail amenities; balcony ocean view. - Premier accessibility: immediate access to I-5 via the Encinitas Blvd on/off ramp with freeway visible signage. - Record low interest rates: SBA interest rates as low as 3.5% provide affordable tenancy for an owner/user. - Market demand: high demand market for small office space. - Barriers to market entry: no new projects under construction of any scale. - Project upgrades: brand new roof & solar installed in 2016 have significantly decreased operating costs; first floor renovated in 2018 with high-end finishes and upgraded restrooms. - Year 1 Cap Rate at Market Rents: 6.23% Cooling: Central Forced Air Elec

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/117523730
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322 Encinitas Blvd Encinitas, CA 92024

  • Price: $5,220,500
  • Status: Active
  • ID#: 210013665
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Beds
0
Baths
0
½ Baths
0.51
Acres
1999
Built
Neighborhood:
92024 - Encinitas
County:
San Diego
Area:
92024 - Encinitas
Property Description
Ocean views meet opportunity in Encinitas! Investment or Owner-User meticulous Class B building. This 10,000 SQFT 2 Story property boasts 31 Suites & 45 Parking Spaces. Suites allow for flexible tenant configuration. New roof and solar added for inexpensive operating costs. Floor 1 completely modernized & refinished. Close to Downtown Encinitas Shopping & Dining; less than a Mile from the Encinitas Coaster Station & the crashing waves of Moonlight Beach. Work where you Beach, Beach where you work in this desired Coastal Community. *Call Listing Agent for Financials and Offering Memorandum. - Owner-user opportunity: flexible suite sizes and lease terms allow an owner-user to occupy over 51% of the property at close of escrow; highly visible building signage currently available for an owner-user. - Investment opportunity: below market rents and executive suite infrastructure present investors multiple avenues to significantly increase returns. - Ideal coast location: minutes away from downtown Encinitas and walking distance to multiple retail amenities; balcony ocean view. - Premier accessibility: immediate access to I-5 via the Encinitas Blvd on/off ramp with freeway visible signage. - Record low interest rates: SBA interest rates as low as 3.5% provide affordable tenancy for an owner/user. - Market demand: high demand market for small office space. - Barriers to market entry: no new projects under construction of any scale. - Project upgrades: brand new roof & solar installed in 2016 have significantly decreased operating costs; first floor renovated in 2018 with high-end finishes and upgraded restrooms. - Year 1 Cap Rate at Market Rents: 6.23% Cooling: Central Forced Air Elec
Exterior Features

Construction Materials FrameConcreteStucco Roof Tile

Interior Features

Heating Forced Air Heating YN Yes

Property Features

Inclusions Listing Agreement Seller Reserved Listing Service Entry Only Zoning Commercial

Listing provided courtesy of Alexander Ciullo of Pacific Sotheby's Int'l Realty and Andrew Kosel of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
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Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345