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2/20/25
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JLH Capital purchased a 1.8k sf coastal property in Leucadia (Encinitas). It was sold by Fred Lee Caldwell Estate for an undisclosed price.
The property sits on 0.09 acres at 1232-1234 N Coast Hwy 101 in Leucadia, about three miles north of Encinitas. It is convenient to I-5 and is just a few short blocks from the beach. The property had been used from 1963 until 2023 as Caldwell’s Antiques by Fred Caldwell, a local historian known as “Mr. Leucadia.”
JLH Capital plans to extensively renovate the property and will occupy a portion of the space in the updated project for its own offices. The remaining available space, along with an additional 1.6k sf of patio space with prime frontage along N Coast Hwy, will be brought to market for lease, preferably by a restaurant or other service-oriented tenant.
Peter Curry and Owen Curry with Cushman & Wakefield’s Private Capital Group in San Diego represented both the buyer and seller in the transaction.
“This is an outstanding redevelopment opportunity of a site where the investor is going to spend considerable money rehabilitating an existing building to preserve Leucadia’s community character, rather than scraping it and maximizing the buildout potential. JLH Capital decided to preserve the structure and bring its function and use into the 21st Century,” said Peter Curry, Executive Director.
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