$2,591,600
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SOLD DATE : 10/24/2023
Key Details
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2303141
Sold Date 10/24/23
HOA Y/N No
Year Built 2006
Property Sub-Type Office
Property Description
Both buildings, 2560 & 2566 Catamaran Way, are being sold together as an Executive Suite Business or as built-out office space. Currently the property operates as a fully automated Executive Suite Business that runs like clockwork due to the way it has been set up. The buildings have a combined 5890 sq.ft. that have been partitioned into 28 individual offices that share common spaces like bathrooms, reception desk break rooms and conference room. It has a keyless lock entry with a remote digital control that allows control of who enters the building. Video surveillance camaras strategically located to warrant the safety of our tenants and their belongings. Remote system to reserve the conference room via Google Calendar. Automated collection system that ensures the operation runs smoothly with minimal human intervention and without having to visit tenants monthly for collection. This allows the owner to focus only on new tenants. The property also has automated, day to day operation, with motion detector sensors that help minimize electrical expenses, as well as thermostats that control the temperature without human intervention on site. Cleaning staff ensure the cleanliness of the building. Proven Marketing system guarantees minimal or no vacancies. A total of 16 parking spots, 8 reserved and 8 non reserved. All payments electronically set up to pay for maintenance fees, mortgage, utilities, cleaning, etc. The Executive Suite Business Model offers potential buyers the flexibility to keep as many of the 28 suites rented and occupy only as needed, with excellent cash flow from day one. Executive suite business and virtual offices are in great demand and there are no vacancies. The seller has detailed financial records and has managed the property since 2006 and offers to assist potential buyers for a period to for a fee. Easy access to Highway 125.Located in the heart of the Eastlake & Otay Ranch commercial districts Close to three hotels, restaurants, gyms, restaurants, and all of Eastlake's amenities. Calendar. Automated collection system that ensures the operation runs smoothly with minimal human intervention and without having to visit tenants monthly for collection. This allows the owner to focus only on new tenants. The property also has automated, day to day operation, with motion detector sensors that help minimize electrical expenses, as well as thermostats that control the temperature without human intervention on site. Cleaning staff ensure the cleanliness of the building. Proven Marketing system guarantees minimal or no vacancies. A total of 16 parking spots, 8 reserved and 8 non reserved. All payments electronically set up to pay for maintenance fees, mortgage, utilities, cleaning, etc. The Executive Suite Business Model offers potential buyers the flexibility to keep as many of the 28 suites rented and occupy only as needed, with excellent cash flow from day one. Executive suite business and virtual offices are in great demand and there are no vacancies. The seller has very detailed financial records and has managed the property since 2006 and offers to assist potential buyers for a period to be negotiated for a fee. Easy access to Highway 125.Located in the heart of the Eastlake & Otay Ranch commercial districts Close to hotels, restaurants, gyms, restaurants and all of Eastlake's amenities.
Location
State CA
County San Diego
Area 91914 - Chula Vista
Zoning Commercial -Condominium O
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected
Present Use Commercial,Improved
Total Parking Spaces 16
Building
Lot Description Planned Unit Development
Story 2
Water Public
Others
Tax ID 5957102020
Security Features Security System,Closed Circuit Camera(s),Fire Detection System,Fire Sprinkler System,24 Hour Security,Key Card Entry,Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Bought with Tony Morrison Lantern Bay Realty

johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>







