Coastal San Diego Shopping Center Sells for $6.725 Million
CORONA DEL MAR, CALIF. – (RealEstateRama) — Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl completed the sale of the Gateway @ Cedros, a rare trophy coastal retail center in Solana Beach, Calif. The sale price was $6.725 million, representing $837 per square foot.
The Gateway @ Cedros is a 100% occupied 8,035-square-foot retail center anchored by Peet’s Coffee and is located two blocks from the Pacific Ocean and adjacent to the Solana Beach train station. The multi-tenant retail building, which is situated on .32 acres at 100-116 S. Cedros Avenue and 121-129 Lomas Santa Fe Drive in northern San Diego County, was renovated in 2010.