5055 Avenida Encinas - Office FOR SALE


Carlsbad, CA 92008
$8,500,000 USD
858-373-3227
5055 Avenida Encinas, Carlsbad, CA for Sale
$8,500,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

5055 Avenida Encinas
Carlsbad, CA 92008


HIGHLIGHTS

  • 20,375 SF 2-Story Office Building with 93% Occupancy
  • Listed for $100 per SF Less than Average Office Comps West of I-5
  • Brand New HVAC System, Elevator, Window Lines, Entrances, Lobby and Landscaping
  • Flexible Leasing Option Allow for Full Building Occupancy within 12 Months
  • West of I-5, Walking Distance to Restaurants and Beach

OVERVIEW

The Tashakorian Group of Marcus & Millichap is pleased to present the extremely rare opportunity to acquire Plaza Encinas, a fully renovated, oneof-a-kind office building west of the I-5 Freeway in Carlsbad, CA. The Property consists of a two-story, about 20,375 square foot office building less than a quarter mile from Interstate 5 and within a 10-minute walk to the beach. Built in 1985, the building features a wood frame and stucco construction and sits on a 1.0-acre parcel. The Property is extremely flexible, allowing for an Owner-User or tenant to easily utilize the entire building. The Property began a full transformation in late 2020 with renovations completing in late 2023. Renovations include a new façade, window line, front and patio doors, exterior lighting, and parking resurfacing. Additionally, HVAC systems with individual climate controls and new desert landscaping was added to allow for more efficient management of the Property. The lobby was fully updated, and a brand-new elevator was added along with a new security system.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

M, Carlsbad

APN/PARCEL ID

210-090-44

ASK ABOUT THIS PROPERTY

Bradley PetersLegacy West PartnersMore Info
858-373-3227

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Bradley PetersLegacy West PartnersMore Info
858-373-3227

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