Marc Brutten Acquires Mixed-Use Property In Del Mar For $18M

The property involved in the transaction is a mixed-use asset located at 3702 & 3790 Via De La Valle in Del Mar. The property spans across 3.66 acres and was sold for $18,000,000. It consists of 63,629 square feet, with a price per square foot of $283. The buyer, Marc Brutten of Brixton Capital, acquired Polo Plaza from the seller, ASB Capital Management. The transaction was facilitated by brokers Brad Tecca, Brunson Howard, Tanner Harris, and Rick Reeder from newmark'>Newmark, along with Brooks Campbell and Peter Curry from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,000,000
• Address: 3702 & 3790 Via De La Valle, Del Mar
• Market: Del Mar
• Square Footage: 63,629 sq. ft.
• Buyer: Marc Brutten - Brixton Capital
• Seller: ASB Capital Management
• Brokers: Brad Tecca, Brunson Howard, Tanner Harris & Rick Reeder - Newmark; Brooks Campbell & Peter Curry - Cushman & Wakefield

The sale of Polo Plaza in Del Mar, a property with 69% occupancy at the time of the deal, reflects investor interest in the economic growth and premium mixed-use assets in Coastal San Diego County. The property boasts diverse tenants and premium amenities, making it an attractive investment opportunity for Marc Brutten and Brixton Capital.