3172 Lionshead Ave, Carlsbad, CA 92010

The Little Dragovic Team of Lee & Associates – North San Diego County, as the exclusive representative of the owner, has been hired to sell one of the most unique and prestigious office buildings in the North County Submarket located at 3172 Lionshead Ave, Carlsbad, Ca 92010. This pride-of-ownership property comprises an approximately 12,176 square foot, two-story office building within the master planned, 62,601square foot Lionshead Point Business Park. The subject property features high profile creative office build out with specialized features, Class “A+” interior improvements, elevator service, and abundant parking. 3172 Lionshead. Ave provides a rare opportunity to occupy a building in turnkey condition with all the existing high-end furnishings, fixtures & equipment (FF&E) specifically designed for the properties specialized layout.

The first floor (5,785 RSF) and second floor (6,391 RSF) are two separate condominiums and can be sold off separately in the future, providing an owner with long term flexibility.

The property is currently leased by Epitone, Inc (through October 31, 2029), a venture-backed augmented reality technology company founded in 2021, with headquarters in San Diego/Carlsbad, CA and a development center in Incheon, South Korea. Epitone develops LiveWindow - full windshield AR head up display that integrates vehicle data, eye tracking, and sensor fusion to project real time 3D graphics onto the road surface, significantly enhancing driver safety and navigation.

Upon the close of escrow, Epitone will consider one of two options:

Option 1: Epitone will downsize into the first floor consisting of 5,785 SF and fulfill its current lease obligation through October 31, 2029 (or sooner, depending on Buyer’s needs), leaving the more desirable second floor consisting of 6,391 SF (52% of the building SF) available for immediate occupancy. This creates a scenario where a Buyer can meet SBA or convention owner user financing requirements, by initially occupying over 51% of the building’s square footage. Eptione is currently paying a$2.94/SF Gross, which will more than offset the first floors portion of carrying cost which provides substantial upside.

Option 2: If an owner user needs the entire 12,176 square foot property, Epitone will also consider terminating their lease for the entire premises upon the close of escrow and consolidating into one of their other locations which provides an opportunity.