Updated Oct 28, 2024
Global Legal Resources Acquires Office Building In Encinitas For $5.1M
322 Encinitas Boulevard, Encinitas, California 92024, United States
$5,075,000
$515/SF
Building Size
9,850 SF
Asset Type
Office
Closing
Mar 21, 2022
About this deal
AI
The recently closed transaction in Encinitas involved the sale of an office property located at 322 Encinitas Blvd. The property, spanning 9,850 square feet, was sold by White Spring Properties, represented by Peter Curry from Cushman & Wakefield. The buyer, Global Legal Resources, was represented by James Huber from QualityFirst Commercial. The transaction took place on March 22, 2022, with a sale price of $5,075,000, resulting in a price per square foot of $515.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,075,000
- Address: 322 Encinitas Blvd.
- Market: Encinitas
Emmett Cahill from QualityFirst Commercial played a vital role as the buyer's representative in this deal. Sima Mehlberg was the seller, representing White Spring Properties. The sale of the office property signifies a significant transaction in the Encinitas market.
Players
Encinitas Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.13%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93