Rincon Plaza - Four Building Complex FOR SALE


Encinitas, CA
$12,000,000 USD
858-354-5722
, Encinitas, CA for Sale
$12,000,000 USD
FOR SALE
1/6
null | 5.52% Cap Rate

Rincon Plaza - Four Building Complex
Encinitas, CA


HIGHLIGHTS

  • Prime Retail/Medical/Professional Office Investment with Flexible Zoning
  • Four Building Complex Totaling 22,761 Square Feet
  • Unparalleled Location
  • Thriving Demographics
  • Excellent Property Condition
  • Upside Potential

OVERVIEW

Intersection, as agent for the seller, is pleased to present Rincon Plaza, a 22,761 square foot premier retail and medical/professional office property located in the vibrant community of Encinitas. Rincon Plaza is a four-building complex, consisting of single-story and two-story buildings situated on a 78,408 square foot lot. Ample surface parking (ratio of 3.69/1,000sf), ease of accessibility from major arterials, and great visibility/frontage on Encinitas Boulevard provide tenants and their patrons with an excellent experience. Pride of ownership is evident at Rincon Plaza. The property has been immaculately cared for over the past 25 years, and it shows not only through its physical condition, but through the retention of its tenants. Over the past 25 years, Rincon Plaza has remained nearly 100% leased and currently is 98% leased. Rincon Plaza's strategic and approachable location, along with its flexible zoning provides ownership with a tremendous opportunity to attract and retain a range of tenants. Rincon Plaza is currently occupied by 26 tenants, with suites ranging in size from 400-3,000 square feet. The construction and layout of units provide ownership the ability to easily accommodate a variety of tenant sizes. The current tenant mix highlights Rincon Plaza's breadth of tenant diversity, including health and wellness, professional services, medical, wireless roof-top antenna, and retail. Located in one of San Diego's wealthiest zip codes, there is great future upside in securing rental income. Nestled between Rancho Santa Fe and coastal Encinitas, Rincon Plaza is located at a key artery linking employees and residents to essential services and retail options. The property sits near the intersection of Encinitas Boulevard and Manchester Avenue where there is a steady flow of traffic and attention, providing businesses an excellent opportunity to thrive in a supportive and synergistic environment. Rincon Plaza represents an exceptional opportunity to establish a presence in one of San Diego County's most desirable neighborhoods. Rincon Plaza embodies the perfect blend of accessibility, visibility, zoning flexibility, and community engagement, making it a premier choice for tenants and an outstanding opportunity to own.

ASK ABOUT THIS PROPERTY

Robert Kerr, CCIM, AACIIntersectionMore Info
858-354-5722

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Robert Kerr, CCIM, AACIIntersectionMore Info
858-354-5722

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