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5055 Avenida Encinas Carlsbad, CA 92008

Sponsored
For Sale
$8,500,000

Prime Carlsbad Office, Fully Renovated

Property size:
20,375 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional two-story office building, totaling 20,375 square feet, is situated on a one-acre lot in Carlsbad, California. Located less than a quarter mile from Interstate 5 and a short walk to the beach, this property offers unparalleled convenience and accessibility. Built in 1985 and extensively renovated in 2023, the building boasts a modern façade, updated windows and doors, new exterior lighting, and resurfaced parking. The renovation also included a complete HVAC system upgrade with individual climate controls, new desert landscaping, a fully updated lobby, a brand-new elevator, and a state-of-the-art security system. Currently operating at 93% occupancy with ten units, the property features a flexible lease structure, with all current leases expiring before 2025, making it ideal for an owner-user or a single tenant. The ample parking includes an 80-space reciprocal lot with a 4.00/1,000 SF parking ratio. The asking price is $8,500,000, representing a current cap rate of 3.17% and a pro-forma cap rate of 8.63%. The Net Operating Income (NOI) is currently $269,610, with a pro-forma NOI of $733,500. The property's address is 5055 Avenida Encinas, Carlsbad, CA 92008, and its APN is 210-090-44-00. This presents a unique investment opportunity in a highly desirable location.

Property Features for 5055 Avenida Encinas

General Information

Property type
Office space
Square Feet
20,375 SF
Lot Size
43,560 SF

Building Details

Year Built/Renovated
1985/2023
Buildings
1
Stories
2
Units
10

HighLights

  • 20,375 SF two‑story office building on a one‑acre lot in Carlsbad, CA.
  • 80‑space reciprocal parking lot, providing a 4.00/1,000 SF parking ratio.
  • Ideal for owner‑user or single tenant; flexible leases expiring before 2025.
  • Completely renovated in 2023, including new HVAC, elevator, and security system.
Property Profile Location Intelligence

Current Use by Public Records

Dispatch Tech Consultant Airstar Packing & Crating ... Freight Forwarding Service Medical Device Resource ... Employment Agency Token Insurance Agency, ... Insurance Agency Integrated Protection Services Environmental Protection Organization

Suggested Use

Restaurant Law Firm Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Building Supply Pharmacy Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Carlsbad
County
San Diego
State
California
Longitude
-117.32970959037
Latitude
33.132173021035

FAQs

What type of property is this?
Office space - Prime Carlsbad Office, Fully Renovated
Where is this office space located?
The property is located at 5055 Avenida Encinas Carlsbad, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 20,375 SF two-story office building on a one-acre lot in Carlsbad, CA.; 80-space reciprocal parking lot, providing a 4.00/1,000 SF parking ratio.; Ideal for owner-user or single tenant; flexible leases expiring before 2025.
More about this property
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