853 Camino del Mar
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853 Camino del Mar
14,111 SF 100% Leased Office Building Del Mar, CA 92014 $15,000,000 ($1,063/SF) 4.76% Cap Rate
Executive Summary
UNSURPASSED COASTAL LOCATION! 853 Camino Del Mar is a boutique office building located in the heart of the seaside community of Del Mar Village.
The creative & unique architecture takes full advantage of the expansive outdoor space. The vaulted & exposed ceiling, spacious patio areas and indoor/outdoor environment provides the perfect atmosphere for the highly sought after lifestyle office space.
853 Camino Del Mar benefits from its immediate access to both north & south San Diego County via Interstate 5 & eastern parts of the county via the 56 Highway.
Additionally, 853 Camino Del Mar lies within one of San Diego’s most affluent neighborhoods and is surrounded by the communities of Rancho Santa Fe, La Jolla, Solana Beach & Encinitas, which house the vast majority of San Diego’s executive pool.
Well performing Market Fundamentals: the property is located between the Del Mar Heights office corridor & the coastal beach cities of North County, the most vibrant & sought after areas for corporate offices.
The creative & unique architecture takes full advantage of the expansive outdoor space. The vaulted & exposed ceiling, spacious patio areas and indoor/outdoor environment provides the perfect atmosphere for the highly sought after lifestyle office space.
853 Camino Del Mar benefits from its immediate access to both north & south San Diego County via Interstate 5 & eastern parts of the county via the 56 Highway.
Additionally, 853 Camino Del Mar lies within one of San Diego’s most affluent neighborhoods and is surrounded by the communities of Rancho Santa Fe, La Jolla, Solana Beach & Encinitas, which house the vast majority of San Diego’s executive pool.
Well performing Market Fundamentals: the property is located between the Del Mar Heights office corridor & the coastal beach cities of North County, the most vibrant & sought after areas for corporate offices.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
14,111 SF
Building Class
B
Year Built/Renovated
1977/2021
Price
$15,000,000
Price Per SF
$1,063
Cap Rate
4.76%
NOI
$714,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,056 SF
Building FAR
0.59
Lot Size
0.55 AC
Zoning
PC - Office, Medical, Retail
Parking
31 Spaces (2.2 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Natural Light
- Outdoor Seating
- Air Conditioning
- Balcony
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 300-222-31 | Improvements Assessment | $2,599,959 |
| Land Assessment | $6,367,248 | Total Assessment | $8,967,207 |
PROPERTY TAXES
Parcel Number
300-222-31
Land Assessment
$6,367,248
Improvements Assessment
$2,599,959
Total Assessment
$8,967,207
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