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1015 Chestnut Ave
1,455 SF Office Condo Unit Offered at $655,000 in Carlsbad, CA 92008
INVESTMENT HIGHLIGHTS
- Great Location Close to Carlsbad Village, Convenient Freeway Access & Close to Many Amenities
- Create Synergy & Growth for your Business by Networking with other office condo business owners
- Office Condo Ownership Helps Maintain Low & Consistent Real Estate Costs for your Business
- The rooftop area is leased to 2 telecom companies, which generates income and offsets the operating expenses by around 50%
EXECUTIVE SUMMARY
Stop paying rent to someone else, or grow your business and stop working out of your house and take advantage of this great opportunity to purchase an office condo for your business and take control of your real estate related expenses for many years to come. See the linked own vs rent analysis, which shows how you could benefit by owning compared to leasing your office space. This well maintained building was built in 1984, has a great location close to the charming and always evolving Carlsbad Village and has convienient freeway access via th I-5 and 78 Fwy's. It's close to housing, shopping, entertainment, north county employment centers along with a good mix of existing tenants and owners to network with and create synergy & growth for your business. Suite E 3 is on the 3rd floor on the east side of the building away from the freeway and there is an elevator for the tenants and their guests convenience. The rooftop area is leased to 2 telecom companies, which generates income to the owners and offsets the properties operating expenses by around 50%.
PROPERTY FACTS
| Price | $655,000 | Building Class | C |
| Unit Size | 1,455 SF | Floors | 3 |
| No. Units | 1 | Typical Floor Size | 3,853 SF |
| Total Building Size | 11,560 SF | Year Built | 1984 |
| Property Type | Office (Condo) | Lot Size | 0.39 AC |
| Sale Type | Investment or Owner User | Parking Ratio | 2.68/1,000 SF |
| Price | $655,000 |
| Unit Size | 1,455 SF |
| No. Units | 1 |
| Total Building Size | 11,560 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment or Owner User |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 3,853 SF |
| Year Built | 1984 |
| Lot Size | 0.39 AC |
| Parking Ratio | 2.68/1,000 SF |
1 UNIT AVAILABLE
Unit E3
| Unit Size | 1,455 SF | Cap Rate | 4.87% |
| Price | $655,000 | NOI | $31,905 |
| Price Per SF | $450.17 | No. Parking Spaces | 3 |
| Condo Use | Office | APN/Parcel ID | 205-190-25-06, 205-190-25-16 |
| Sale Type | Investment or Owner User |
| Unit Size | 1,455 SF |
| Price | $655,000 |
| Price Per SF | $450.17 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.87% |
| NOI | $31,905 |
| No. Parking Spaces | 3 |
| APN/Parcel ID | 205-190-25-06, 205-190-25-16 |
DESCRIPTION
The space consist of 1,455 square feet on 2 separate parcels (802sf & 653sf) with the potential to break them up if needed/wanted. The current buildout & floorplan is for the entire 1,455sf and that is what is for sale. The current floorplan has 1 oversized office that used to be 2 offices, 1 conference room that could be a private office, 1 additional private office, a reception waiting area and a reception work area. There are both covered and uncovered parking available. The parking is currently "open parking" and parking has not been a problem. If the HOA votes to enforce the existing parking plan the space will have 3 parking spaces.
AMENITIES
- 24 Hour Access
- Air Conditioning
ZONING
| Zoning Code | C-6 (Commercial) |
| C-6 (Commercial) |
Presented by
1015 Chestnut Ave
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