700 Garden View Court in Encinitas. Photo credit: Courtesy, Cushman & Wakefield
Two medical office condo suites in Encinitas have sold for a combined total of nearly $3 million, according to a real estate firm.
Originally a single unit, the suites are located adjacent to one another in a freestanding building at 700 Garden View Court and were sold separately.
Local doctors acquired both suites in the building, near North Coast Health Center.
G&S Garden View LLC bought Suite #206, at 2,007 square feet, for approximately $1.3 million. AIRA Enterprises Inc. acquired Suite #208, at 2,385 square feet, for $1.56 million.
Brooks Campbell and Peter Curry with Cushman & Wakefield’s Private Capital Group in San Diego represented the same seller, Grace Partners LLC, in the transactions.
“San Diego remains a highly desirable market for medical/healthcare use and these condo suites, which are near key healthcare centers, provided a great opportunity for these practitioners to position themselves in a strategic location while also owning their real estate,” Campbell said.
He also noted the seller’s recognition of “the opportunity in dividing the unit” as a key to the sales of the units.
Cushman & Wakefield (NYSE: CWK) is a global firm that offers real estate services for both tenants and owners.