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GJS Properties LLC Acquires Office Building At 605 3rd Street In Encinitas For $11M

Property Image
SOLD
$11,000,000
Conor Brennan
Peter Curry
Owen Curry

California

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Office14,398 SF
Sold 07/28/2025
the dealplayerscompscontact
Property Image
SOLD

GJS Properties LLC Acquires Office Building At 605 3rd Street In Encinitas For $11M

605 3rd Street

See Similar Deals
Office14,398 SF
Sold 07/28/2025
Conor Brennan
Peter Curry
Owen Curry
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$764
Total Square Footage:14,398 SF
Transaction Type:Sale

An office building located at 605 3rd Street in Encinitas, California, has been sold for $11,000,000. The asset encompasses a total of 14,398 square feet, resulting in a price per square foot of $764.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $11,000,000
  • Address: 605 3rd Street
  • Market: Encinitas
  • Buyer: GJS Properties LLC
  • Seller: 605 3rd Street LLC
  • Buyer's Representative: Conor Brennan - CBRE
  • Seller's Representatives: Peter Curry & Owen Curry - Cushman & Wakefield
  • Square Footage: 14,398
  • Price Per Square Foot: $764

Cushman & Wakefield facilitated the transaction, indicating a notable level of activity in the office space sector. The involvement of Conor Brennan from CBRE and Peter and Owen Curry from Cushman & Wakefield highlights the collaborative effort of established professionals in executing the sale.

Players

Peter Curry
Cushman & Wakefield
Peter Curry
16 deals$186.1M volume
BROKER
Conor Brennan
CBRE
Conor Brennan
9 deals$84.6M volume(720) 841-8139
BROKER
Owen Curry
Cushman & Wakefield
Owen Curry
1 deal$11M volume(760) 431-4229
BROKER
CBRE
CBRE
BROKERAGE
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Conor Brennan, Peter Curry & Owen Curry DATE: 07/28/2025 ADDRESS: 605 3rd Street MARKET: Encinitas ASSET TYPE: Office BUYER: GJS Properties LLC SELLER: 605 3rd Street LLC BUYER'S REP: Conor Brennan - CBRE (@CBRE) SELLER'S REP: Peter Curry & Owen Curry - Cushman & Wakefield (@CushWake) SALE PRICE: $11,000,000 SF: 14,398 ~ PPSF: $764 NOTE: Cushman & Wakefield facilitated the $11 million sale of a 14,398-square-foot office building at 605 3rd Street in Encinitas, California. The property, acquired by GJS Properties LLC, underscores continued demand for well-located office spaces despite concerns in the market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
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