Furnished Encinitas Office
For Sale
Contact for pricing
131 Aberdeen Dr, Encinitas, CA 92007
Fully furnished office building in Encinitas, move-in ready.
Property Size12,906 SF
Price / SF$767.09
Days on Market748
Property Features for 131 Aberdeen Dr
General Information
Standard status
Active
Size
12,906 SF
Total Parking Spaces
41
Property subtype
Office
Zoning
C-GC1
Investment Type
Owner/User
Building Details
Year Built
1967
Year Renovated
1996
Buildings
1
Stories
2
Listing Agency:
CBRE - San Diego
Listed By:
Matt Pourcho · License #CA 01705763
(858) 546-4622
Source:
Crexi
Added: Oct 3, 2024
Changed: Oct 10
Last Checked: Oct 19 at 5:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - San Diego
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Investment Insights
Based on property information with market context.
This 12,906-square-foot office building is available for purchase and comes fully furnished, offering a "plug and play" setup. The furnishings include adjustable desks, chairs, cabling, a ping pong table, and lamps. Purchasing the building may be financially beneficial compared to leasing, due to depreciation write-off, principal paydown, and potential building appreciation. This can allow business owners to minimize expenses while having their business occupancy contribute to their investment portfolio or retirement.
Key Highlights
- Fully Furnished - "Plug N Play" ready, saving approximately $519,000 in move‑in expenses.
- Financially accretive compared to leasing due to depreciation write‑off, principal paydown, and building appreciation.
- Low occupancy cost.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,632
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,972,640
$6.0M
Cap Rate 7%
$4,266,171
$4.3M
Cap Rate 9%
$3,318,133
$3.3M
Market Conditions
NOI Build-Up for 12,906 SF
Gross rent
$464.6K $36.00/SF
− Vacancy
−$66.4K −$5.15/SF
EGI
$398.2K $30.85/SF
− OpEx
−$99.5K −$7.71/SF
NOI
$298.6K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,972,640
Cap Rate 7%
$4,266,171
Cap Rate 9%
$3,318,133
Alternative Uses
Best Use
Office B
$4.27M
$3.73M – $4.98M
NOI $298,632 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.91M
$5.17M – $6.90M
NOI $413,917 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 92007, CA
10,981
Population
4,687
Households
2.3
Avg Household Size
43
Median Age
69%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
4,774
Density / Sq Mi
$165,063
Median Household Income
$69,384
Median Earnings
$2,955
Median Rent
$1,808,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully furnished office building in Encinitas, move-in ready.
Where is this office building located?
The property is located at 131 Aberdeen Dr Encinitas, CA.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Fully Furnished - "Plug N Play" ready, saving approximately $519,000 in move‑in expenses.; Financially accretive compared to leasing due to depreciation write‑off, principal paydown, and building appreciation.; Low occupancy cost.
