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6/27/22
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Two medical office condo suites in Encinitas sold in separate deals with a combined price of $2.86 mil. Originally a single unit, the suites are located adjacent to one another in a freestanding building at 700 Garden View Ct. Both suites were acquired by local doctors.
700 Garden View Ct is in close proximity to North Coast Health Center (the largest outpatient health center in coastal North County) and within a few miles from Scripps Hospital. The location is also close to Interstate 5 and numerous shopping, grocery, restaurants, banks, and other retail and service amenities.
G&S Garden View, LLC acquired Suite #206 totaling 2k sf for $1.3 mil. In the other deal, AIRA Enterprises Inc acquired Suite #208 totaling 2.4k sf for $1.56 mil. Brooks Campbell and Peter Curry with Cushman & Wakefield’s Private Capital Group in San Diego represented the same seller, Grace Partners LLC, in the transactions.
Campbell commented, “San Diego remains a highly desirable market for medical/healthcare use and these condo suites, which are near key healthcare centers, provided a great opportunity for these practitioners to position themselves in a strategic location while also owning their real estate. The flexibility of the seller to also recognize the opportunity in dividing the unit was also instrumental to these successful sales.”
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