Pacific Coast Commercial announced that 1140 S. Tremont Street, Oceanside, CA sold for $1,700,000. The 4,850 square foot office named “BeachHAUS Studios” is just a few blocks from the Pacific Ocean and within 2 miles of the Oceanside Pier.
Ken Robak and Nick Mane of Pacific Coast Commercial represented the Buyer and Simon Terry-Lloyd of CRESA represented the Seller.
“The building was previously used as a co-working office space, however, the Buyer, Equation Technologies was looking to expand their North County coastal presence. The firm currently occupies a portion of their building in downtown Encinitas, which is also just blocks from the beach,” said Ken Robak
Nick Mane stated, “This property offered the Buyer a great opportunity in the growing Oceanside market,” said Nick Mane. According to Costar, “Oceanside has been in the process of gentrifying over the past several years, bringing new restaurants, bars, hotels, and apartments to the coastal submarket.”
Founded in 2001, Equation Technologies provides business management solutions for mid-sized companies.
Property Type: Office
Square Footage: 4,850 SF Building
Sale Price: $1,700,000
Close of Escrow Date: 1/08/2020
Seller Name: BeachHAUS Studios, LLC
Buyer Name: 1140 Tremont Building, LLC
Escrow Company: Fidelity National Title
Title Company: Fidelity National Title
Financing: Rick Arredondo—Chase Bank