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4407 Manchester Ave - Unit 207
960 SF Office/Medical Condo Unit Offered at $710,000 in Encinitas, CA 92024
Investment Highlights
- Prime Location for Professional and Medical office condo complex
- Hassel Free Exterior Maintenance with HOA Maintenance
- Can be divided into two rentable spaces
- LOW Vacancy in the complex
Executive Summary
Situated in one of the most beautiful coastal cities of San Diego, Encinitas is close to beaches, freeway 5, hospitals, residential area, schools, shopping and dining. This condo unit #207 is nestled in one of the well known professional office buildings, home to offices of dentists,chiropractors,medical professionals, real estate professionals, financial services, CPAs etc. Low vacancy rate in the buildings, HOA takes care of all exterior maintenance including exterior insurance, landscaping, parking areas and coomon area restrooms, stairs, hallways for $510 per month. One of the well known buildings for all the professionals being in one complex with great synergy between all offices.
Property Facts
| Price | $710,000 | Sale Type | Investment or Owner User |
| Unit Size | 960 SF | Building Class | B |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 16,000 SF | Typical Floor Size | 8,000 SF |
| Property Type | Office (Condo) | Year Built | 1983 |
| Property Subtype | Medical | Lot Size | 3.14 AC |
| Price | $710,000 |
| Unit Size | 960 SF |
| No. Units | 1 |
| Total Building Size | 16,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 8,000 SF |
| Year Built | 1983 |
| Lot Size | 3.14 AC |
1 Unit Available
Unit 207
| Unit Size | 960 SF | Sale Type | Investment or Owner User |
| Price | $710,000 | Cap Rate | 5.27% |
| Price Per SF | $739.58 | NOI | $37,440 |
| Condo Use | Office/Medical | APN/Parcel ID | 259-190-47-63 |
| Unit Size | 960 SF |
| Price | $710,000 |
| Price Per SF | $739.58 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.27% |
| NOI | $37,440 |
| APN/Parcel ID | 259-190-47-63 |
Description
Inside the"Encinitas Rancho Professional Park" complex, this condo has 2 Enterance Doors which can be owner user with an additional space to lease. Current "waiting room" has its own enterance which can be closed off from rest of the office. Currently used as medical psychiatrist office. Versatile use of unit, the buildings comprised of offices of dentists, physical therapists, CPAs, Real Estate Professionals, management firms, financial offices, holistic doctors, chiropractors, designers. Community Restrooms on same floor, HOA fee is $510 a month which maintains exterior building, roof, common areas such as parking stairs walkways, restrooms, landscaping and partial insurance. The last unit leased for $3.25 NNN psf in May 2024 in the complex.
Sale Notes
NNN Lease Investments or Owner User
Medical, Financial, Real Estate Services or any standard Office use
5.27% Cap rate Proforma based on $3.25NNN psf lease
HOA $510 per month - hassel free exterior, roof and common area, parking, restrooms maintenance
Low vacancy in the complex
+6 More
9_11473493_171424_171424-EI-109
8_11473486_171424_171424-EI-108
6_11473485_171424_171424-EI-106
5_11473488_171424_171424-EI-105
11_11473490_171424_171424-EI-111
7_11473484_171424_171424-EI-107
12_11473492_171424_171424-EI-112
15_11473489_171424_171424-EI-115
10_11473491_171424_171424-EI-110
13_11473495_171424_171424-EI-113
14_11473494_171424_171424-EI-114
Amenities
- Fenced Lot
- Kitchen
- Reception
- Central Heating
- Fully Carpeted
- Yard
- Air Conditioning
zoning
| Zoning Code | OP, Encinitas (Office Condominium) |
| OP, Encinitas (Office Condominium) |
Presented by
4407 Manchester Ave - Unit 207
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