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Office

5055 Avenida Encinas

5055 Avenida Encinas, Carlsbad, CA 92008

Listing Price: $9,250,000

Cap Rate
2.91%
Gross SF
20,375
Rentable SF
20,375
Price/Gross SF
$453.99
Lot Size
1.00 acres
Year Built
1985

Investment Overview

The Tashakorian Group of Marcus & Millichap is pleased to present the extremely rare opportunity to acquire Plaza Encinas, a fully renovated, one of-a-kind office building west of the I-5 Freeway in Carlsbad, CA. The Property consists of a two story, about 20,375 square foot office building less than a quarter mile from Interstate 5 and within a 10-minute walk to the beach. Built in 1985, the building features a wood frame and stucco construction and sits on a 1.0-acre parcel. With all leases expiring before 2025, the Property is extremely flexible, allowing for an Owner-User or tenant to easily utilize the entire building.

The Property began a full transformation in late 2020 with renovations completing in late 2023. Renovations include a new façade, window line, front and patio doors, exterior lighting, and parking resurfacing. Additionally, HVAC systems with individual climate controls and new desert landscaping was added to allow for more efficient management of the Property. The lobby was fully updated, and a brand-new elevator was added along with a new security system. Further renovation details are described in the Building Improvements section.

Investment Highlights

  • 93% Leased | 20,375 SF | 1 AC of Land
  • Updated Façade with New Stucco and LED Exterior Lighting Added | Newly Added Windows along with New Frameless Main Entry Double Doors and a New Patio Door | Fully Updated Lobby with Tiles
  • 6 New Roof-Mounted HVAC Units Ranging from 2 tons to 5 tons with Individual Controls | Recently Installed Brand-New Atlas 2,500lbs Passenger Elevator

Exclusively Listed By

Financing By

Office

5055 Avenida Encinas

Listing Price: $9,250,000

Cap Rate
2.91%
Gross SF
20,375
Rentable SF
20,375
Price/Gross SF
$453.99
Lot Size
1.00 acres
Year Built
1985

Investment Highlights

  • 93% Leased | 20,375 SF | 1 AC of Land
  • Updated Façade with New Stucco and LED Exterior Lighting Added | Newly Added Windows along with New Frameless Main Entry Double Doors and a New Patio Door | Fully Updated Lobby with Tiles
  • 6 New Roof-Mounted HVAC Units Ranging from 2 tons to 5 tons with Individual Controls | Recently Installed Brand-New Atlas 2,500lbs Passenger Elevator

Investment Overview

The Tashakorian Group of Marcus & Millichap is pleased to present the extremely rare opportunity to acquire Plaza Encinas, a fully renovated, one of-a-kind office building west of the I-5 Freeway in Carlsbad, CA. The Property consists of a two story, about 20,375 square foot office building less than a quarter mile from Interstate 5 and within a 10-minute walk to the beach. Built in 1985, the building features a wood frame and stucco construction and sits on a 1.0-acre parcel. With all leases expiring before 2025, the Property is extremely flexible, allowing for an Owner-User or tenant to easily utilize the entire building. The Property began a full transformation in late 2020 with renovations completing in late 2023. Renovations include a new façade, window line, front and patio doors, exterior lighting, and parking resurfacing. Additionally, HVAC systems with individual climate controls and new desert landscaping was added to allow for more efficient management of the Property. The lobby was fully updated, and a brand-new elevator was added along with a new security system. Further renovation details are described in the Building Improvements section.

Exclusively Listed By

Financing By

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