303 Santa Fe Dr Encinitas, CA 92024

This exceptional 2,680 sq ft Class B medical office building in Encinitas, CA, presents a unique owner-user opportunity with multi-tenant potential. Built in 2010, this single-story building features 14 parking spaces, a rooftop solar system, and a backup generator. Strategically located adjacent to Scripps Encinitas Hospital (currently undergoing a $263 million expansion), this high-profile property boasts unparalleled visibility and accessibility. The current tenant, Sovereign Healthcare, holds a lease with options extending to May 2033, featuring 3% annual rent increases, generating a pro-forma NOI of $225,615 and a 5.01% cap rate. The asking price is $4,500,000 ($1,679.10/sq ft). The building's design incorporates Feng Shui principles, creating a harmonious and welcoming atmosphere. The property benefits from a strong, affluent demographic, with limited new development in the area creating significant barriers to entry and ensuring long-term value. The owner-occupant is open to a leaseback, offering additional income potential. This turnkey operation provides immediate income and a chance to establish or expand a medical practice in a thriving coastal community. The APN is 260-072-35.