CBRE Brokers $40M Sale Of Coronado Plaza In Prime Location

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.