230 Birmingham Dr Encinitas, CA 92007
- Retail properties
- 8,252 SF
Current Use by Public Records
- Retail properties
Property Details for 230 Birmingham Dr
- Year built
- 1954
- Property size
- 8,252 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a two-story, 8,252 square foot storefront building situated on a 7,649 square foot lot in the highly desirable Cardiff-by-the-Sea area of Encinitas, California. The property, built in 1954 and renovated in 2005, boasts a prime location offering ocean views and proximity to numerous retail, restaurant, and service amenities. Currently housing three tenants under a triple net (NNN) lease, the property features a multi-tenant configuration with a total of 8,252 rentable square feet. The asking price is $7,014,200, translating to $850 per square foot. The building is zoned for Office Professional use. The current leases expire on December 31, 2021, presenting a significant owner-user opportunity, particularly given the availability of a 4,254 square foot suite. The property's strong financial performance is reflected in a pro-forma net operating income (NOI) of $420,506 and a pro-forma capitalization rate of 6.00%. This location benefits from its central position between San Diego and Orange County, and enjoys an average household income within a one-mile radius of $150,497. The property's address is 230 Birmingham Drive, Encinitas, CA 92007, and its APN is 260-352-26-00. This is a rare opportunity to acquire irreplaceable real estate in a highly sought-after coastal community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Encinitas
- County
- San Diego
- State
- California
- Longitude
- -117.282
- Latitude
- 33.0238
