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25725447
25725446

781 Garden View Ct, Suite 200, Encinitas, CA 92024

OC
CA CA 01972528
Cushman & Wakefield - San Diego, California
BC
CA 01380901
Cushman & Wakefield - San Diego, California
PC
CA 01241186
Cushman & Wakefield - San Diego, California
KM
CA 01963162
JLL - San Diego, California
Listed by Cushman & Wakefield - San Diego, California, JLL - San Diego, California
$2,540,000
2084 days on market
Updated 76 days ago

781 Garden View Court, Suite 200

Details
APN 257-470-11-02
Property Type Office
Sub Type Medical Office
Square Footage 2,809
Units 1
Cap Rate 5%
NOI $127,056
Occupancy 100%
Tenancy Single
Brand/Tenant UC San Diego
Lease Type NNN
Lease Term 10.1
Lease Expiration 01/31/2029
Remaining Term 2.7
Rent Bumps Yes
Lease Options One 5 Year Options at FMV
Broker Co-Op Yes
Class A
Year Built 2008
Stories 2
Investment Type Net Lease
Lease Commencement 01/01/2019
Ground Lease No

UC San Diego NNN Leased Investment | 5.0% CAP | 2,809 SF Medical Condo | Encinitas, CA

Marketing description

Suite 200 at 781 Garden View Court offers a rare opportunity to acquire a fully leased, high-quality medical office condominium in the heart of Encinitas’ thriving healthcare and commercial district. Located just off El Camino Real, the property benefits from excellent accessibility and proximity to major medical providers, senior living communities, and affluent neighborhoods.

Part of a well-maintained, condo-mapped, two-story building totaling approximately 11,407 square feet across three units, suite 200 is one of two separately owned units on the second floor and is currently leased to a respected institutional healthcare provider. This Offering pertains solely to Suite 200; however, prospective buyers may inquire with the listing team about the potential to acquire the first floor availability as well. Ownership of both condo units would convey full control of the building’s HOA, offering enhanced operational and long-term investment benefits.

Investment highlights

  • Tenant: UCSD Maternal-Fetal Medicine Group - Nationally ranked OB/GYN program; affiliated with UC San Diego School of Medicine

  • Long term lease

  • NNN structure with minimal Landlord obligations

  • Close proximity to major medical centers

Listing Contacts

OC
CA CA 01972528
Cushman & Wakefield - San Diego, California
BC
CA 01380901
Cushman & Wakefield - San Diego, California
PC
CA 01241186
Cushman & Wakefield - San Diego, California
KM
CA 01963162
JLL - San Diego, California
Listed by Cushman & Wakefield - San Diego, California, JLL - San Diego, California

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$127,056.00
$10,588.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Owen Curry
License
CA 01972528
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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