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Vulcan Tower Suites

609 S Vulcan Avenue, Encinitas, CA 92024
Availability: Close of Escrow:2/2/2016 Lot Size:10,603 SF
Shipping: Office Building on 0.24 Acre site located on the 600 block of S. Vulcan and approximately one block from Downtown Encinitas
Pricing: $0.00
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Description

Agents

BEN TASHAKORIAN | FIRST VICE PRESIDENT


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Nick Totah | Senior Associate


 Associate Director: NOIPG
License: CA 01922255
Dir: (858) 373-3159
Cel: (619) 651-3412
nick.totah@marcusmillichap.com

Description

This truly rare exclusive listing was a 0.24 Acre site located on the 600 block of S. Vulcan and approximately one block from Downtown Encinitas on the South East corner of Vulcan and E St. The 69% percent leased site was approximately 10,603 square-feet of land and 6,314 square-feet of existing rentable square footage. The parking ratio is approximately 2.5 /1,000 square-feet with additional non-metered street parking available.

609 S. Vulcan is located within the Encinitas submarket. At the time of sale, the office vacancy within the Encinitas sub-market was 3.6%, representing one of the lowest vacancy levels in San Diego County. The average sale price per square-foot for the prior year was $472 dollars, with an average asking price per square-foot of $433 dollars.

Encinitas is located along 6 miles of Pacific coastline in northern San Diego County; Encinitas has an approximate population of 60,000 and is characterized by coastal beaches, cliffs, flat-topped coastal areas, steep mesa bluffs and rolling hills. Our city was incorporated in 1986, drawing together the communities of New Encinitas, Old Encinitas, Cardiff-by-the-Sea, Olivenhain and Leucadia.

Features

  • Rare Downtown Encinitas Office Property
  • 2.5/1,000 per Square-foot Parking Ratio
  • Extremely Low Office Vacancy of 3.6%
  • One Block from South Coast Highway 101
  • 69% leased with Landlord Cancellation Option accounting for 18%
  • Average Sale Price Per Square-Foot of $472 Dollars.

Net Rentable Area

6,314 SF

Percent Leased

69%

Land Area

.24 Acres

Parking Ratio

2.53/1,000 SF

Details

  • 22932152
  • Office
  • Close of Escrow:2/2/2016 Lot Size:10,603 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Office Building on 0.24 Acre site located on the 600 block of S. Vulcan and approximately one block from Downtown Encinitas

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