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3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little...

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3156 lionshead ave carlsbad, ca 9,769 SF Freestanding Carlsbad Office Property
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Page 1: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

3156 lionshead ave

carlsbad, ca

9,769 SF Freestanding Carlsbad Office Property

Page 2: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

3156 lionshead ave 01

table of contents

Isaac [email protected] #01702879

Marko [email protected] #01773106

TJ [email protected] #02014349

investment highlights

property overview

floor plan

condominium plan

site plan

aerial map

location overview

financial analysis

drone & video tour

Lee & Associates Commercial Real Estate Services, Inc. - NSDC 1900 Wright Place, Suite 200, Carlsbad, CA 92008 P: (760) 929-9700 | F: (760) 929-9977

Page 3: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

investment highlights Identity & Image High profile improvements

Custom layout and improvements built for a unique image

Freestanding building identity with scenic canyon views

Strong SubmarketCarlsbad continues to thrive as North County’s strongest submarket

Strong employment base in Carlsbad

Sale prices and lease rates are experiencing tremendous growth

Condominium DevelopmentConsists of two (2) condominiums consisting of 4,895 & 4,874 square feet

Ability to sell units off separately if needed

Ease of management – association maintains the roof, fire suppression systems, exterior property insurance & all common areas

Smaller association with 13 condominiums

Future UpsideNo small building “for sale” office projects planned in Carlsbad

Majority of vacant land in the area has been purchased increasing the value of existing buildings

Priced ±35% below current replacement costs with construction costs steadily increasing

LocationEasy access from Encinitas, San Marcos, Vista & La Costa

Close proximity to Interstate 5, Highway 78, Palomar Airport Rd and Melrose Drive

Near retail, food courts and public parks

Seller Leaseback PotentialSeller would consider leasing back a portion of the property

Excellent opportunity for a growing company who needs future expansion

Call brokers for additional information

One of a kind owner user or investment property located within the master planned Carlsbad Raceway Business Park

Purchase Price: $2,700,000 ($276/SF)Lease Rate: $1.45/SF NNN 03

3156 lionshead ave

Page 4: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

property overview

05

Address: 3156 Lionshead Ave, Carlsbad, CA 92010

Business Park: Lionshead Point - part of the Carlsbad Raceway Business Park

Rentable Square Feet: 9,769 Square Feet

Divisibility: Currently demised into two (2) suites (8,086 & 1,683 SF) with separate exterior entrances

# of floors: 1 story building

Year Built: 2007

Ownership Type: Condominium Development

Construction Type: Wood Frame

Zoning: PM

Sprinklers: Fire Sprinklers Throughout

Parking: 4 Spaces per 1,000 SF

Restrooms: Two (2) sizeable upgraded Restrooms with showers

Buildout: Fully Improved with Class A ++ Improvements (see following pages for floor plan)

3156 lionshead ave

Page 5: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

07 3156 lionshead ave

Page 6: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

This 9,769 SF single story building consists of the following components:

• Expansive lobby and reception area

• 19 private offices with ability to expand

• Large conference room

• Two (2) large upgraded restrooms

• IT/data room & storage

• Collaborate work areas

• Extensive glass-line throughout

• Accommodating employee lounge & kitchen

• Existing FF&E potentially available

floor plan layout

3156 lionshead ave

08 Open Office

SUITE 11,683 SF

SUITE 28,086 SF

Office

Office

Office Office Office Office Office Office

Office

Office

Office

OfficeOffice

OfficeOfficeOffice

Office

Open Office

SDGERoom

IT/Data Room & Storage

Cubicles

Work Area

Kitchen

Kitchenette

Storage

Work Area

Work Area

Work Area

Men’sRR

Women’sRR

Display Wall

Conference Room

Page 7: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

10 3156 lionshead ave

Page 8: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

condominium plan site plan

3156 lionshead ave

3156 Lionshead Ave

Unit #: APN #: Rentable SF: Project Percentage:

Unit 2 221-880-17-02 4,895 Square Feet 8.16%

Unit 3 221-880-17-03 4,874 Square Feet 8.19%

Units 2 & 3 221-880-17-02, 03 9,679 Square Feet 16.35%

Unit 34,874 SF

Unit 24,895 SF

Building Module Footprint (BMP) &Unit Footprint (UF)

Page 9: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

aerial map

3156 lionshead ave

Lionshead Ave

Palomar Airport Road

Eagle Dr

S. Melrose Dr

15 3156 lionshead ave

Page 10: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

carlsbad map

17 3156 lionshead ave

5

Palomar Airport Rd

Palomar Airport RdS. Melrose Drive

El Camino Real

El Camino Real

College Ave

Cannon Rd

Sycamore Ave

Faraday A

ve

Faraday Ave

El Fuerte St

Vista Business ParkCarlsbad Oaks

North

Carlsbad Oaks East

Carlsbad Oaks West

Bressi RanchPalomar Airport

Business Park

McClellan-PalomarAirport

CarlsbadLagoon

Flower Fields

Carlsbad ResearchCenter

Carlsbad Raceway Business Park

LegolandCarlsbad

Crossings Golf Course

Sheraton Resort

3156 Lionshead Ave

Page 11: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

San Diego, CACalifornia’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents county wide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities. San Diego is renowned for its idyllic climate, 70 miles of pristine beaches and a dazzling array of world-class family attractions. Popular attractions include the world-famous San Diego Zoo and San Diego Zoo Safari Park, SeaWorld San Diego and Legoland California. The beach is more than a boundary dividing land from sea, more than a place to swim or sunbathe. In San Diego, the beach is a way of life, a source of pride and joy, a defining influence in people’s lives. For some, the mere memory of a mid-summer sunset melting into the Pacific is reward enough. Others have a more intimate relationship with the sea: surfing and sailing, biking and running, swimming and diving along San Diego’s many coastal beaches and bays. The City of San Diego’s strong economy, diverse population, great educational institutions, unsurpassed quality of life, and world-renowned location make it the ideal place to do business, to work, and to live. Because of its highly-educated workforce and mix of high-tech industry and recreational assets, a marketing consortium of high-tech industries has dubbed San Diego “Technology’s Perfect Climate.”

EscondidoSan Marcos

Rancho Bernardo

Miramar

Sorrento Valley

Sorrento Mesa

VistaOceanside

Carlsbad

3156 Lionshead Ave

Encinitas

Torrey Pines

Downtown San Diego

Orange County

Temecula

Murrieta

CITY STATISTICS 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 5,120 85,040 256,854

AVERAGE HH INCOME $120,158 $96,832 $99,416

MEDIAN HH INCOME $103,555 $82,379 $84,488

Carlsbad, CAKnown as “The Village by the Sea,” the city of Carlsbad offers the charm of a European town with the conveniences of a large city. As you wander streets lined with antique stores, boutique shops and sidewalk cafés, you’ll soon discover much more, including miles of coastline, beautiful flower gardens and world-class shopping. Carlsbad’s perfectly mild climate combined with its location along the coast make it both an optimal place to live and work. Many new residential and commercial developments are underway to help support the major housing demand and the overwhelming demand from companies looking to move to or expand in the area.

Carlsbad has become one of San Diego’s most thriving business communities with a robust industrial, research & development, office and retail market. Carlsbad has a thriving action sports industry with over half of the action sports jobs in San Diego County currently located in Carlsbad. In addition, the city is home to innovative life science and high tech companies which include ViaSat (city’s largest employer), Thermo Fisher Scientific, TaylorMade, Ionis Pharmaceuticals and Genoptix.

Areas like the Carlsbad Research Center, Carlsbad Oaks Business Park and Carlsbad Raceway Business Park continue to be areas targeted by companies looking to move to the area.

Downtown San Diego37 Miles

Encinitas10 Miles

Sorrento Valley25 Miles

Poway23 Miles

Temecula32 Miles

Vista5 miles

DISTANCE FROM 3156 LIONSHEAD AVE

3156 lionshead ave

location overview

Page 12: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

financial analysis

3156 lionshead ave

Ownership Cost of Occupancy BreakdownBuilding Size: 9,769 Square Feet

Purchase Price: $2,800,000

Closing costs & Fees: $30,000

Down Payment (10%) $283,000

Principal Loan Amount $2,547,000

Interest rate (blended): 4.6%

Amortization: 22.5 years

Mortgage Payment: $15,331

Property Taxes: (Monthly @ rate of 1.073%) $2,504

Fixed special assessments: $294

Insurance: $80

Association dues: $1,690

Total Monthly Costs: $19,898

Gross Monthly Occupancy Cost per SF: $2.04/SF

20

drone & video tour

go to https://youtu.be/x_Q0LN-skYF8

to start tour!

Page 13: 3156 - LoopNet · 2018-07-06 · 3156 lionshead ave 01 table of contents Isaac Little ilittle@lee-associates.com 760.929.7862 ... Smaller association with 13 condominiums Future Upside

3156 lionshead ave

carlsbad, ca

Isaac [email protected]

760.929.7862DRE #01702879

Marko [email protected]

760.929.7839DRE #01773106

No warranty or representation is made to the accuracy of the foregoing transaction. Terms of sale or lease and availability are subject to change or withdraw without notice.

Lee & Associates Commercial Real Estate Services, Inc. - NSDC | 1900 Wright Place, Suite 200, Carlsbad, CA 92008 | P: (760) 929-9700 | F: (760) 929-9977

TJ [email protected]

760.929.7843DRE #02014349


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