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Urban-High Street

Capri | Trophy Coastal Multi-Tenant Retail

960 S. Coast Hwy 101, Encinitas, CA 92024

Listing Price: $5,400,000

Cap Rate
4.50%
Gross SF
5,027
Rentable SF
5,027
Price/Gross SF
$1,074.20
Lot Size
0.19 acres
Year Built
2017

Investment Overview

Capri is a mixed-use property consisting of a retail condominium and four upstairs residential condominiums. Marcus & Millichap is pleased to present for sale the 5,027 square foot retail component as a fully leased, trophy investment opportunity for qualified investors. Sitting prominently on the west side of Coast Highway 101 in the heart of Encinitas' pedestrian retail district, it is on the corner of I Street directly across from the Lumberyard and a 5-minute walk from Swami's beach. The property is elevator served with eight (8) retail-dedicated parking stalls in the underground gated garage. There are an additional three (3) parking spaces at the rear of the building on the ally and one (1) loading space. Over the past many years, Encinitas has continued to gain prominence as a destination for both locals and tourists wtihin San Diego County. Weekends, regardless of time of year, see Coast Highway packed with both cars and pedestrians and downright overflowing during the many events throughout the year for which this stretch of Coast Highway is shut down to vehicle traffic -- such as street fairs and holiday parades. With tenants that successfully endured through the pandemic, this once-in-a-lifetime opportunity is sure to please the discerning investor with stable and increasing cash flow for decades to come.

Investment Highlights

  • Encinitas was named to Forbes magazine's Best Places to Travel in 2023 list, amongst other dreamy locales like Mauritania, Corsica, French Polynesia, Malta and the Seychelles.
  • 5,027 SF of Ground Floor Retail Space in a Recently Constructed Mixed-Use Building.
  • Prominently Located on Coast Highway 101 Across from the Lumberyard.
  • Exceptional Pedestrian Traffic Year-Round With an Abundance of Amenities Within a Short Walk.
  • A 5-minute Stroll to the Beach and Easy Access to Interstate 5.

Exclusively Listed By

Financing By

Urban-High Street

Capri | Trophy Coastal Multi-Tenant Retail

Listing Price: $5,400,000

Cap Rate
4.50%
Gross SF
5,027
Rentable SF
5,027
Price/Gross SF
$1,074.20
Lot Size
0.19 acres
Year Built
2017

Investment Highlights

  • Encinitas was named to Forbes magazine's Best Places to Travel in 2023 list, amongst other dreamy locales like Mauritania, Corsica, French Polynesia, Malta and the Seychelles.
  • 5,027 SF of Ground Floor Retail Space in a Recently Constructed Mixed-Use Building.
  • Prominently Located on Coast Highway 101 Across from the Lumberyard.
  • Exceptional Pedestrian Traffic Year-Round With an Abundance of Amenities Within a Short Walk.
  • A 5-minute Stroll to the Beach and Easy Access to Interstate 5.

Investment Overview

Capri is a mixed-use property consisting of a retail condominium and four upstairs residential condominiums. Marcus & Millichap is pleased to present for sale the 5,027 square foot retail component as a fully leased, trophy investment opportunity for qualified investors. Sitting prominently on the west side of Coast Highway 101 in the heart of Encinitas' pedestrian retail district, it is on the corner of I Street directly across from the Lumberyard and a 5-minute walk from Swami's beach. The property is elevator served with eight (8) retail-dedicated parking stalls in the underground gated garage. There are an additional three (3) parking spaces at the rear of the building on the ally and one (1) loading space. Over the past many years, Encinitas has continued to gain prominence as a destination for both locals and tourists wtihin San Diego County. Weekends, regardless of time of year, see Coast Highway packed with both cars and pedestrians and downright overflowing during the many events throughout the year for which this stretch of Coast Highway is shut down to vehicle traffic -- such as street fairs and holiday parades. With tenants that successfully endured through the pandemic, this once-in-a-lifetime opportunity is sure to please the discerning investor with stable and increasing cash flow for decades to come.

Exclusively Listed By

Financing By

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