April 25, 2017 Comments Off on Solana Beach’s BeachWalk Sells for $33M Views: 436 California News, San Diego

Solana Beach’s BeachWalk Sells for $33M

BeachWalk, a 54,973-square-foot coastal retail center in Solana Beach, CA, sold for $33.25 million. Situated on a 3.06-acre site at 437 S. Highway 101, the property is steps to the Pacific Ocean, walking distance to the Cedros Design District and Amtrak Train Station, and less than a mile from the Del Mar Fairgrounds and Racetrack.

CBRE’s National Retail Partners’ West (NRP-West), John Read, Reg Kobzi, Philip Voorhees, Jimmy Slusher, and Kirk Brummer represented the seller, a partnership managed by Orange County-based The Muller Company. NRP-West also represented the buyer, an unnamed Chicago-based fund manager.

CBRE’s Read says, “True coastal retail projects like BeachWalk seldom come to market,” noting that the property’s internet-resistant ‘daily needs’ and complementary tenancy with national, regional and local operators “make the property an integral part of this coastal community.”

Connect With CBRE’s Read

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: ,

Comments are closed.