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8/18/22
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A 3.4k sf, mixed-use office and residential property in the heart of downtown Encinitas was sold in a recent $3.9 mil ($1,147/sf) transaction as part of a 1031 exchange. Built in 2005, the unique two-story building is located at 631 3rd St. It currently houses four small office tenants and a residential tenant.
The property features expansive patios on both 1st and 2nd floors, maximizing the property’s indoor/ outdoor living atmosphere, along with modern architecture, with vaulted and exposed ceilings. The property is situated on a 0.12-acre lot and includes seven parking spaces plus street parking.
Peter Curry, and Owen Curry with Cushman & Wakefield’s Private Capital Group represented the seller, E & E Properties Inc. Sean Cadell of Sotheby’s and Ed McBee of JEM & Associates repped the buyer, A&W CA LLC.
“The property offers an outstanding North San Diego County location and a well-positioned work/live environment, located two blocks to the middle of Downtown Encinitas Village and one block to a coastal ocean overlook, with immediate beach access” said Peter Curry. “We sold the land to the seller/developer back in 2003 and he built a beautiful project that continues to serve the community. The mixed-use aspect and the size of the property is ideal for where it is situated in the neighborhood.”
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