322 Encinitas Blvd, Encinitas, CA 92024
322 Encinitas Blvd

322 Encinitas Blvd

322 Encinitas Blvd, Encinitas, CA 92024

$5,220,500/mo

322 Encinitas Blvd, Encinitas, CA 92024

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 Encintas 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

Features and Amenities

Area & Lot

  • Lot Area0.51 Acres
  • Status For Lease
  • MLS ID210013665
  • YEAR BUILT1999

Exterior

  • HEAT TYPEForced Air
  • roofTile

Financial

  • LEASE PRICE$5,220,500 / monthly

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We offer the highest level of expertise and service with integrity. The team specializes in areas such as La Jolla, Pacific Beach, Solana Beach, and Del Mar. The team takes pride in providing their clients with top-notch service and finding their clients the best possible opportunity.

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