Cushman & Wakefield’s Peter Curry and Owen Curry represented the seller, 605 3rd Street LLC, a local private investor partnership, in the transaction. The property was acquired by GJS Properties LLC, represented by CBRE’s Conor Brennan.
"While some investors may hold lingering concerns about the office market, we’re proud to have secured a top-dollar buyer for this premier property, underscoring the sustained demand for well-located office spaces in Encinitas," said P. Curry.
605 3rd Street was originally constructed as a bank building in the 1960’s and has a unique architectural design, featuring a mixture of wood and stone exterior finishes and a glass line ideal for executive offices. The building provides prominent signage opportunities at the corner of Third and E Street.
Located in the vibrant North Beach Cities submarket, 605 3rd Street is one block from the beach, a two block walk to Downtown Encinitas and three blocks from Coaster Station. It is also minutes to the I-5 Freeway via Encinitas Blvd.