Nice spot for an office, right in the middle of the old Del Mar village. It would be a nice place to hang out if you didn't need to work much. It's in the same building as Bing I. Bush, local lawyer and Obama fanatic.
Prior Del Mar CRE surveys here, here, and here. It doesn't look like any of those vacancies have been filled.
UPDATE: Speaking of Bing I. Bush, I just looked him up and he's a horse lawyer. I wonder if he was involved in this case.
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