5055 Avenida Encinas
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5055 Avenida Encinas
20,375 SF 74% Leased Office Building Carlsbad, CA 92008 $8,500,000 ($417/SF)
INVESTMENT HIGHLIGHTS
- 20,375 SF 2-Story Office Building with 93% Occupancy
- Brand New HVAC System, Elevator, Window Lines, Entrances, Lobby and Landscaping
- West of I-5, Walking Distance to Restaurants and Beach
- Listed for $100 per SF Less than Average Office Comps West of I-5
- Flexible Leasing Option Allow for Full Building Occupancy within 12 Months
EXECUTIVE SUMMARY
The Tashakorian Group of Marcus & Millichap is pleased to present the extremely rare opportunity to acquire Plaza Encinas, a fully
renovated, oneof-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. 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.
renovated, oneof-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. 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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,375 SF
Building Class
B
Year Built/Renovated
1984/2023
Price
$8,500,000
Price Per SF
$417
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,188 SF
Slab To Slab
10’
Building FAR
0.47
Lot Size
1.00 AC
Zoning
M, Carlsbad
Parking
80 Spaces (3.93 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Natural Light
- Wi-Fi
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Executive offices.
- 1st Fl-Ste 100
- 4,000 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 100D
- 135 SF
- Office
- -
- Now
- 1st Fl-Ste 100E
- 350 SF
- Office
- -
- Now
- 1st Fl-Ste 100G
- 201 SF
- Office
- -
- Now
- 1st Fl-Ste 100H
- 118 SF
- Office
- -
- Now
- 1st Fl-Ste 100I
- 116 SF
- Office
- -
- Now
- 1st Fl-Ste 100K
- 225 SF
- Office
- -
- Now
- 1st Fl-Ste 120
- 1,250-10,200 SF
- Office
- -
- 30 Days
- 2nd Fl-Ste 200
- 2,500-10,175 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 116-216 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 100 | 4,000 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 100D | 135 SF | Office | - | Now |
| 1st Fl-Ste 100E | 350 SF | Office | - | Now |
| 1st Fl-Ste 100G | 201 SF | Office | - | Now |
| 1st Fl-Ste 100H | 118 SF | Office | - | Now |
| 1st Fl-Ste 100I | 116 SF | Office | - | Now |
| 1st Fl-Ste 100K | 225 SF | Office | - | Now |
| 1st Fl-Ste 120 | 1,250-10,200 SF | Office | - | 30 Days |
| 2nd Fl-Ste 200 | 2,500-10,175 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste 100
| Size |
| 116-216 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100D
| Size |
| 135 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 100E
| Size |
| 350 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 100G
| Size |
| 201 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 100H
| Size |
| 118 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 100I
| Size |
| 116 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 100K
| Size |
| 225 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 120
| Size |
| 1,250-10,200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 200
| Size |
| 2,500-10,175 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 100
| Size | 116-216 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Executive offices.
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PROPERTY TAXES
| Parcel Number | 210-090-44 | Improvements Assessment | $1,878,556 |
| Land Assessment | $1,408,913 | Total Assessment | $3,287,469 |
PROPERTY TAXES
Parcel Number
210-090-44
Land Assessment
$1,408,913
Improvements Assessment
$1,878,556
Total Assessment
$3,287,469
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5055 Avenida Encinas
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