Updated Sep 11, 2026
CBRE Brokers $40M Sale Of Coronado Plaza In Prime Location
1300 Orange Avenue
$40,000,000
$953/SF
Building Size
41,949 SF
Asset Type
Retail
Closing
May 10, 2023
About this deal
AI
The $40 million sale of Coronado Plaza, a 41,949-square-foot retail property located at 1300 - 1330 Orange Avenue in Coronado, has been brokered by CBRE. The Plaza, built in 1981 and featuring local restaurants and shops, is situated across from the Hotel Del Coronado and is expected to benefit from high traffic due to its prime location.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $40,000,000
- SF: 41,949
- PPSF: $954
- Address: 1300 - 1330 Orange Avenue
- Market: Coronado
The sale was facilitated by CBRE's Reg Kobzi, Joel Wilson, and Michael Peterson. The buyer's identity remains undisclosed.
On the Map
$40,000,000
$953/SF
Retail
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Players
Coronado 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93