140 Marine View Ave - Medical FOR SALE


Solana Beach, CA 92075
$10,995,000 USD
858-527-2727
140 Marine View Ave, Solana Beach, CA for Sale
$10,995,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

140 Marine View Ave
Solana Beach, CA 92075


HIGHLIGHTS

  • CREATIVE OFFICE MEETS CALIFORNIA COAST - FULLY FURNISHED "PLUG & PLAY"
  • FOR SALE OR LEASE: MODERN CREATIVE OFFICE OWNER-USER OPPORTUNITY

OVERVIEW

CREATIVE OFFICE MEETS CALIFORNIA COAST * High open ceilings and large operable windows | Expansive outdoor patio with a fire pit, fountain, bocce ball, BBQ area, and putting green. * Two-story direct access walk-up | Minutes to Vons and Whole Foods and directly across from 6 restaurants. * Great circulation with operable windows throughout, expansive outdoor patios & meeting spaces | Tranquil private setting offering exceptional privacy while close to all of the action | “Plug and Play” fully furnished. FOR SALE OR LEASE: MODERN CREATIVE OFFICE OWNER-USER OPPORTUNITY * Trophy Coastal Opportunity | High end creative office building totaling 17,365 RSF with the appearance and atmosphere of a private corporate headquarters. Previous headquarters of Kashi which is a subsidiary of Kellogg’s. * Functional Design | Modern finishes and improvements will help attract top tier talent and increase employee retention. The current build out provides an efficient layout allowing companies to have desired work, conference, eat, and play areas throughout the building. The building amenities include restrooms & showers, furnished dining terraces, fire pit, fountain, BBQ area, outdoor lounge space, putting green, bocce ball, and elevator served. * Fully Furnished – “Plug and Play” | The building comes fully furnished with adjustable desks, chairs, cabled, ping pong table, lamps, etc., saving a buyer approximately $40/PSF or $689,160 of move in expenses. * Great Visibility and Accessibility | Excellent ingress/egress given proximity to the 5-freeway. The building also provides building-top freeway facing signage on two sides with 246,789 vehicles passing on average per day. * Building Improvements | The current owners have spent over $3 million to modernize (including LEED certification) and build out the space as a premier creative office building with a unique indoor/outdoor connection. Additionally, the building has a roof-top solar system to help offset electric costs. * Financially Accretive Compared to Leasing | Low occupancy cost given the depreciation write-off, principal paydown and building appreciation. This is important for business owners who strive to not only minimize expenses but have their business occupancy contribute to their investment portfolio/retirement.

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/SF

$633 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

5.81 AC

LAND SF

253,084 SF

ZONING

OP

APN/PARCEL ID

263-293-41,263-293-56

ASK ABOUT THIS PROPERTY

Matt PourchoCBRE, Inc.More Info
858-527-2727

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Matt PourchoCBRE, Inc.More Info
858-527-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.