FOR SALE | 1,197 SF 531 ENCINITAS BLVD. SUITES 103-105 ENCINITAS, CALIFORNIA 92024 PROPERTY INFORMATION 531 Encinitas Blvd., Suites 103-105, Encinitas, CA 92024

±1,197 SF | Office condo size Comprised of 2 legal units Suite 103 | 545 rentable sf Suite 105 | 652 rentable sf Currently zoned for medical use SITEPLAN North Coast Business Park

539

543 511

535 531

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WESTLAKE ST. 523

S BLVD. 527 INITA ENC proposed FLOORPLAN

Suite 103-105 combine for a total of 1,197 SF

Suite 105 Floorplan depicts 652 SF proposed medical buildout. The Premises is currently demised with no interior Suite 103 offices built. 542 SF FEATURES

Outstanding North County location

Best performing submarket in County

Close to I-5 Freeway

Access to restaurants, business services and other amenities

Ample parking in and around units; Extra parking in rear of building and adjacent buildings

Spaces are 100% HVAC

Each unit has a separate entrance

Allows users to expand as they grow while renting out other unit Assumptions: Purchase Price $ 650 PSF $ 778,050 Total Tax Rate %: State & Federal 36.00% Tenant Improvements $ 80 PSF $ 95,760 Total Added Bank & Closing Costs $ 3 PSF $ 3,591 Total $ 877,401 Total Depreciation Years Straight Line 39.50 Down Payment 10% $ 87,740 Total Estimated Annual Appreciation 0.00% Mortgage Interest Rate 3.50% Net Expenses per SF/Month $ 0.75 Mortgage Term 25 Years 300 Months Owner/User Square Footage 1,197 Addittional Leasable Square Footage - Comparable Lease Base Rent/Sq.Ft. (Net) $ 4.00 Building Square Footage 1,197

Purchase Lease Lease Square Footage 1,197 Price $ 873,810 Monthly Lease Payment $ 4,788 Less: Down Payment $ (87,740) Monthly Expenses $ 898 Loan Amount $ 786,070 Total Monthly Payments $ 5,686

1st Month 1st Year 1st Month 1st Year Loan Payment ($3,924) ($47,086) $ (3.28) Total Payment $ 5,686 $ 68,229 Less: Principal Reduction $1,643 $19,711 $ 1.37

Total Tax Deductible Expenses Interest Expense $2,281 $27,375 $ 1.91 Add: Depreciation $1,641 $19,697 $ 1.37 Add: Expenses $898 $10,773 $ 0.75 Total Tax Deductable $4,820 $57,846 $ 4.03

Total Tax Savings 36.00% $1,735 $20,824 $ 1.45

Total Monthly Costs Loan Payment $3,924 $47,086 $ 3.28 Add: Expenses $898 $10,773 $ 0.75 Add: Expenses $ 898 $ 10,773 Less: Tax Savings ($1,735) ($20,824) $ (1.45) Less: Tax Savings $ (2,370) $ (28,441) LessL Rental Income $ - $ -

Net Cost before Appreciation $3,086 $37,034 Cost/SF Before Appreciation $ 2.58 $ 30.94

Net Cost Before Appreciation $3,086 $37,034 Less: Appreciation $ - $ - Monthly Annual Net Cost of Ownership $3,086 $37,034 Net Lease Cost $4,213 $50,561 Cost Per Square Foot $ 2.58 $ 30.94 Cost Per Square Foot $ 3.52 $ 42.24

Total Monthly Cash Requirement $4,822 $4.03 Gross

Annual Effective Cost Difference $ 13,527 $ 11.30

purchase vs. purchase vs. lease analysis Average Principal Paydown (10 years) $ 23,559 $ 19.68 Annual Wealth Creation $ 37,086 $ 30.98

10 Year Wealth Creation $ 370,865

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E A LEUCADIA R ENCINITAS, CALIFORNIA E ENCINI L CAM TAS BLV IN Spanning approximately 20 miles along the coast in San Diego’s North County, the city of Encinitas is an upscale community and is considered D O D ENCINITAS E EL N V OR A TE WAY “One of the 20 Best Surf Towns in the World.” Located along six miles of Pacific Ocean coastline, Encinitas is bordered by Carlsbad to the R H IG P E H S O

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H D north, the Elfin Forest Recreational Reserve and Escondido to the east, and Solano Beach to the south. The city has an estimated resident R

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R populationO of 60,000 who are attracted to the casual oceanfront community for its magnificent beaches, executive residential communities, E T R N D E regional access and numerous amenities and recreational options. C O SOLANA BEACH RD E A L N L BER VA RANCHO SANTA FE E LA VIA D POWAY

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I R Incorporated in 1986, the city of Encinitas is a picturesque Located approximately 25 miles north of downtown San R I N SO SORRENTO N E D D V R R TORREY PINES S L O B D D R MESA RA community characterized by beautiful beaches, seaside Diego, Encinitas is served by Interstate 5 and Highway 101, K E D S OM LU P cliffs, flat-topped coastal areas, steep mesa bluffs and both of which provide north/south access throughout the

D MIRAMAR R rolling hills. region. UTC KEARNY Encinitas encompassesSANTEE the communities of New Interstate 5 also provides connections to State Routes 78 AR LA JOLLA DA TH MESA Encinitas, Old Encinitas, Cardiff-by-the-Sea, Olivenhain and 56, located within 10 miles to the north and south,

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A N and Leucadia. These communities offer a unique blend respectively. These freeways provide direct access to

J E O S L S PACIFIC E L E A of businesses, residences and amenities, and together Interstate 15 and North County’s inland communities. B L V VE D OCEAN D A A R BO RGE create an eclectic, multifaceted city. BAL GO N AVE IO NET S Encinitas offers a mass transit station with service GAR IS M PACIFIC BEACH Encinitas is known as the M“FlowerAIN ST Capital of the World,” by North County Transit’s Coaster and due to its extensive collection of unique nurseries and ’s passenger train. Together, MISSION BEACH RS RD FRIA ALLEY gardens, highlighted by the San Diego Botanic Garden, these services provide an ideal alternative for visitors and EL CAJON MISSION V VD EL CAJON BL which includes nearly 4,000 plant types from all over the commuters with convenient access to Orange County, Los world and over 37 acres of exhibits. Angeles and Downtown San Diego. S N OCEAN BEACH A R C E S O R LEMON In addition to the executive residences offered within GROVE D LV Encinitas, several prestigious communities are also DOWNTOWN B ACHA MARKET JAM located nearby, including Carlsbad, Rancho Santa Fe, NATIONAL CITY Fairbanks Ranch, Del Mar, 4S Ranch, and Solano Beach. POINT LOMA CORONADO

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SITE LOCAL AMENITIES Recently named among the 20 best surf towns in the world by National Geographic, Encinitas offers some of the world’s most desirable beaches along its six miles coastline. A local favorite is Swami’s beach, which was immortalized in the song “Surfin’ USA” by the Beach Boys. Additionally, Moonlight State Beach offers recreation and fire rings for post-sunset bonfires and barbecues.

The city is host to nearly 300 retail stores and includes more than 10 shopping centers. Popular shopping centers include Camino Village Plaza, Camino Encinitas Plaza, El Camino Promenade and El Camino Commons.

Downtown Encinitas is over 100 years old and features historic architecture, boutiques, sidewalk cafes, and restaurants, together creating the Downtown 101 coastal shopping district. Downtown 101 also features several cultural offerings including a theatre and art galleries.

The city is celebrated for its San Diego Botanic Garden, which includes nearly 4,000 types of plants and over 37 acres of exhibits, desert gardens, a tropical rainforest, Mediterranean climate landscapes, an undersea succulent garden, a subtropical fruit garden and the largest interactive children’s garden on the West Coast.

An abundance of outdoor recreation is offered at the city’s local beaches and the 900-acre San Elijo Lagoon Reserve, including surfing, hiking, boating, tennis, fishing, hang gliding, bicycling, and camping. Home to nearly 300 different bird species throughout the year, the San Elijo Lagoon Reserve also offers some of the world’s best bird watching.

Other key destinations in and near Encinitas include the 18-hole championship Encinitas Ranch Golf Course, the Park Hyatt Aviara Resort Golf Club & Spa, Torrey Pines Golf Course, Legoland, Del Mar Thoroughbred Club race track, Legoland, and the Omni La Costa Resort & Spa. CONTACT PETER CURRY CUSHMAN & WAKEFIELD 1000 AVIARA PKWY., SUITE 100 Managing Director CARLSBAD, CA 92011 +1 760 310 0882 +1 760 431 4200 [email protected] +1 760 454 3869 LIC# 01241186 cushmanwakefield.com

Cushman & Wakefield Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completeness of the information con- tained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

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