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Capri

960 S Coast Highway 101
San Diego, Ca 92024
Availability: Offering Price:$4,876,140 Size:5,027 SF
Shipping: Marcus & Millichap is pleased to present the newly built Capri in Encinitas, CA.
Pricing: $0.00
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Description

Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


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

Scott Hilmen | Senior Associate


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

Description

The Capri development is a beautiful, newly constructed building on the corner of I street and Coast Highway in Encinitas. The property sits directly across the street from the Lumberyard development, which is host to; concert, dining and shopping for all ages. This property plays a key role in the transformation of the Encinitas coastal drive. The property has been developed as a mixed-use commercial building, giving the diversity to hold the entire property as an investment property or selling off portions of the property to realize lump sum gains. The building is elevator served with (16) parking stalls in the basement of the property and (4) parking stalls in the alley. Ideally located between the well-known, Union Kitchen & Tap, Starbucks, The Bier Garden Restaurant of Encinitas and Solace & the Moonlight Lounge, this property is the perfect location for a walkable dining experience and has heavy foot traffic. With periodic events such as the Encinitas street fair shutting down this strip of the 101 to cars, the owner can be sure that high foot traffic will create huge demand for the first floor commercial space.

Features

  • Mixed-Use Building Totaling 5,027 SF of Enclosed Space
  • Located on Coast Highway 101 in Encinitas
  • Substantial Parking: 16 Subterranean Spaces, 3 Surface Spaces Plus 1 Loading Space
  • Parking Ratio of 4:16/1,000
  • Quick and Easy Access to the I-5 Freeway
  • Ample Amenities Within a Short Walk

Offering Price

$4,876,140

Net Rentable Area

5,027 SF

Cap Rate

5.05%

Price Per SF

$969.99

Year Built

2017

Land Area

8,081 SF (0.49 ACRES

Parking Spaces

20 Spaces in Total

Parking Ratio

4.16:1000

Details

  • 22932279
  • Retail
  • Offering Price:$4,876,140 Size:5,027 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present the newly built Capri in Encinitas, CA.

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