Updated Sep 9, 2026
Litwin Management Purchases Poway Marketplace From Fortress Investment Group And Prism Places For $26.48M
12314 Poway Road & 12380 Poway Road
$26,483,197
$165/SF
Building Size
79,853 SF
Asset Type
Retail
Closing
Sep 2, 2026
About this deal
AI
The retail asset involved in the transaction is located at 12314-12380 Poway Road, Poway, CA. Litwin Management acquired the property for $26,483,197. The total square footage of the asset is 79,853, resulting in a price per square foot of approximately $332.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,483,197
- Square Footage: 79,853
- Buyer: Erik Litwin, Brad Litwin & Larry Litwin - Litwin Management
- Seller: Pete Briger, Jr, Drew McKnight & Jack Neumark - Fortress Investment Group; Stenn Parton - Prism Places
- Market: Poway, CA
- Price per Square Foot: $332
- Market Vacancy Rate: 4.5%
The transaction highlights the interactions between key players in the deal, with Litwin Management expanding its portfolio through the purchase from Fortress Investment Group and Prism Places. This acquisition represents San Diego County’s largest retail sale of the second quarter in 2026.
On the Map
$26,483,197
$165/SF
Retail
View full map
Players
Poway Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93