5205 Avenida EncinasCarlsbad, CA 92008

Property Details for 5205 Avenida Encinas

Year built

1984

Lot size

4.23 AC

Property size (Sq ft)

54,997 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Manufacturing properties

APN

210-090-41-00

APU

2100904100

Description

This exceptional San Diego County office property at 5205-5375 Avenida Encinas offers 16,136 square feet of prime space, perfect for businesses seeking a blend of executive and creative environments. Eight individual suites are available, ranging from a minimum of 630 square feet to a maximum contiguous space of 1,407 square feet. Currently, 11,538 square feet is available for lease. The building boasts an impressive array of amenities, including a tenant lounge and conference center, a state-of-the-art fitness center and yoga studio complete with shower and locker facilities, and an inviting outdoor seating and collaborative area. Security is ensured with 24/7 monitored cameras. The high-end "creative office" finishes include attractive glass roll-up doors and abundant natural light. The property's convenient location offers a short walk to the beach, immediate access to freeways and the Coaster commuter train, and is within walking distance of various retail shops and restaurants. Ample parking is provided at a ratio of 3.0 spaces per 1,000 square feet. A special "Summer Sizzle Promotion" offers a reduced rate of $1.65 per square foot for the first year, increasing to $2.49 per square foot in the second year. This promotion requires a minimum 48-month lease term and must be signed before September 30, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $26,665,700

  6.5%

  $24,614,500

  7%

  $22,856,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,241,500

  Geo Method

  $30,971,700

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $12,451,800

  Mixed-Use / Specialty

  $12,273,100

  Hospitality / Lodging

  $8,829,550

  Office

  $12,060,300

  Institutional / Educational

  $12,711,100

  Residential Income

  $14,872,000

  Multifamily

  $18,581,100

  Automotive / Energy

  $10,895,200

  Parking / Income-Based Land

  $3,892,490

  Restaurant / Food Service

  $6,096,740

  Healthcare / Senior Housing

  $12,723,600

Location Insight

City

Carlsbad

County

San Diego

State

California

Latitude

33.1298

Longitude

-117.328

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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