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5130 Avenida Encinas

5130 Avenida Encinas, Carlsbad, CA 92008
Availability: Price:$2,600,000 Size:7,988 SF
Shipping: his property consists of a single-story 7,988 square foot, single-tenant office building less than a quarter mile to Interstate 5 and within a 10 minute walk to the beach.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR INVESTMENTS


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

Scott Hilmen | Associate

Member: NOIPG
License: CA 01960113
Cel: (619) 665-0671
Dir: (858) 373-3123
scott.hilmen@marcusmillichap.com

Description

Unbelievable, extremely rare, low risk west-of-the-5 opportunity – move quickly, this will not last! This property consists of a single-story 7,988 square foot, single-tenant office building less than a quarter mile to Interstate 5 and within a 10 minute walk to the beach. It is one of four free-standing buildings in the Carlsbad Commercial Center condominium community.

The seller runs two businesses from the property. The first, Buddha Teas, is a company devoted to offering natural teas that are healthy for consumers and for the environment. They are focused on using products free from pesticides, fillers, additives and flavors, instead only sourcing organic or wild harvested ingredients. Second, AER Premium Electronic Cigarettes was born out of an idea that there had to be a better way to not only provide a premium tobacco smoking alternative, but to do so in a way that helped combat the environmentally irresponsible practices done by the tobacco industry as a whole. Founded by ecologically minded former smokers, AER’s mission is to provide its customers with the highest quality smoking alternative while doing it in a conscious eco-friendly way. Our products strive to provide our customers with the greatest level of vapor production, incredibly smooth flavor, and at a nicotine level they desire, leaving them both satisfied and content, knowing that their purchase contributed in a positive way.

Located just off the Cannon Road exit, the building is within walking distance to the beach and a quick drive from major retail, restaurants, hospitality and office space. As a further nod to the perfection of the location, over 200,000 square feet of former industrial space has been converted to creative office, attracting a community of highly talented, outdoor-minded millennials. Not the least of which, Go-Pro recently secured 42K square feet of such space. This shift has attracted some of the premier southern California office owners to the area. A neighborhood move that only further assures future upside to an idyllic area where “even better” is concept hard to imagine.

Features

  • Extremely Rare Opportunity, Carlsbad – west of the 5
  • 100% Occupied Absolute Net Single-Tenant Office Building
  • Local Tenant with Strong Business Base
  • Seller to Sign an Absolute Net Lease For Up To 12 Months at Close of Escrow
  • 8,585 Square Feet with 26 Parking Spaces for a 3.25 per 1,000 SF ratio
  • Less than 0.25 miles to I-5, a Short Walk to the Beach and Easy Coaster Access
  • Access Major Retail, Restaurants and Legoland with a 5 Minute Drive

Price

$2,600,000

Building Size

7,988 SF

Price Per SF

$325.49

Cap Rate

5.79%

Property Type

Office

Parcel Size

1.87

Year Built

1985

Details

  • 22932222
  • Office
  • Price:$2,600,000 Size:7,988 SF
  • New

Shipping Information

  • Item Requires Shipping
  • his property consists of a single-story 7,988 square foot, single-tenant office building less than a quarter mile to Interstate 5 and within a 10 minute walk to the beach.

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