Updated Sep 28, 2026
Kecia Steelman Of Ulta Beauty Leases 12,000 Square Feet At Palomar Trolley Center Chula Vista
610 Palomar Street
Building Size
12,000 SF
Asset Type
Retail
Closing
Sep 14, 2026
About this deal
AI
The asset involved in this transaction is a retail space located at 610 Palomar Street in Chula Vista, CA, encompassing 12,000 square feet. The market value and specifics of the transaction highlight activity within one of San Diego County’s largest retail leases in the second quarter of 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 610 Palomar Street
- Market: Chula Vista, CA
- Size: 12,000 SF
- Tenant: Kecia Steelman - Ulta Beauty
The deal was facilitated with Kecia Steelman representing Ulta Beauty as the tenant. This lease reflects ongoing trends in the retail market where, despite soft demand, limited supply and a vacancy rate of 4.5% continue to support established retail centers.
On the Map
Retail
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Chula Vista Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93