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20996195
20996196

140 Marine View Ave, Solana Beach, CA 92075

MH
CA 02085087
CBRE - Orange County
MP
CA 01705763
CBRE - San Diego
AD
CA 01706686
CBRE - Orange County
Listed by CBRE - Orange County, CBRE - San Diego
$9,995,000
536 days on market
Updated 57 days ago

140 Marine View Ave

Details
APN 263-293-56-00, 263-293-41-00
Property Type Office
Sub Type Creative Office
Square Footage 17,365
Net Rentable (SqFt) 17,365
Tenancy Vacant
Lease Type NNN
Lease Options $3.75 NNN
Price per SqFt $576
Year Built 1979
Year Renovated 2014
Buildings 1
Stories 2
Acreage 5.810
Zoning OP (Office Professional)
Parking Spaces 47 spaces
Parking Per SqFt 2.71
Investment Type Owner/User

For Sale/Lease Modern Creative Office Owner-User Opportunity | Solana Beach, CA

Marketing description

FOR SALE OR LEASE: MODERN CREATIVE OFFICE OWNER-USER OPPORTUNITY

Trophy Coastal Opportunity | High end creative office building totaling 17,365 RSF with the appearance and atmosphere of a private corporate headquarters. Previous headquarters of Kashi which is a subsidiary of Kellogg’s.
Functional Design | Modern finishes and improvements will help attract top tier talent and increase employee retention. The current build out provides an efficient layout allowing companies to have desired work, conference, eat, and play areas throughout the building. The building amenities include restrooms & showers, furnished dining terraces, fire pit, fountain, BBQ area, outdoor lounge space, putting green, bocce ball, and elevator served.
Fully Furnished – “Plug and Play” | The building comes fully furnished with adjustable desks, chairs, cabled, ping pong table, lamps, etc., saving a buyer approximately $40/PSF or $689,160 of move in expenses.
Great Visibility and Accessibility | Excellent ingress/egress given proximity to the 5-freeway. The building also provides building-top freeway facing signage on two sides with 246,789 vehicles passing on average per day.
Building Improvements | The current owners have spent over $3 million to modernize (including LEED certification) and build out the space as a premier creative office building with a unique indoor/outdoor connection. Additionally, the building has a roof-top solar system to help offset electric costs.
Financially Accretive Compared to Leasing | Low occupancy cost given the depreciation write-off, principal paydown and building appreciation. This is important for business owners who strive to not only minimize expenses but have their business occupancy contribute to their investment portfolio/retirement.

Investment highlights

CREATIVE OFFICE MEETS CALIFORNIA COAST

High open ceilings and large operable windows | Expansive outdoor patio with a fire pit, fountain, bocce ball, BBQ area, and putting green.
Two-story direct access walk-up | Minutes to Vons and Whole Foods and directly across from 6 restaurants.
Great circulation with operable windows throughout, expansive outdoor patios & meeting spaces | Tranquil private setting offering exceptional privacy while close to all of the action | “Plug and Play” fully furnished.

Listing Contacts

MH
CA 02085087
CBRE - Orange County
MP
CA 01705763
CBRE - San Diego
AD
CA 01706686
CBRE - Orange County
Listed by CBRE - Orange County, CBRE - San Diego

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