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Brixton Capital Sells Retail Center In Solana Beach For $14.95 Million With CBRE Representation

Property Image
SOLD
$14,950,000
Michael Peterson
Joel Wilson
+ 2

California

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Retail16,702 SF
Sold 12/05/2024
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Property Image
SOLD

Brixton Capital Sells Retail Center In Solana Beach For $14.95 Million With CBRE Representation

142 South Cedros Avenue

See Similar Deals
Retail16,702 SF
Sold 12/05/2024
Michael Peterson
Joel Wilson
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$895
Total Square Footage:16,702 SF
Transaction Type:Sale

142-212 South Cedros Avenue is a retail property located in Solana Beach, comprising 0.92 acres and offering a total square footage of 16,702. The recorded sale price of the property is $14,950,000, equating to a price per square foot of $895.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,950,000
  • Address: 142-212 South Cedros Avenue
  • Market: Solana Beach
  • Asset Type: Retail
  • Acres: 0.92
  • Selling Agent: Marc Brutten - Brixton Capital
  • Brokerage: CBRE
  • Brokers Involved: David Hagglund, Joel Wilson, Michael Peterson, Reg Kobzi, Rob Gunness
  • Buyer: Private investment group
  • Property Status: Fully leased
  • Design District: Cedros Avenue Design District

Marc Brutten represented the seller, Brixton Capital, in this transaction. The brokers from CBRE successfully facilitated the sale, which involved a private investment group aiming to maintain and enhance the property’s status within its design district.

Players

Rob Gunness
2 deals$25.4M volume
BROKER

Michael Peterson
CBRE
15 deals$214.5M volume(858) 646-4749
BROKER

Reg Kobzi
CBRE
17 deals$224.1M volume
BROKER

Joel Wilson
CBRE
11 deals$165.1M volume(858) 546-4651
BROKER

David (Dave) Hagglund
CBRE
2 deals$15M volume(858) 546-4614
BROKER

Details

SOLD
IMAGE: Marc Brutten, David Hagglund, Joel Wilson, Michael Peterson, Reg Kobzi & Rob Gunness DATE: 12/05/2024 ADDRESS: 142-212 South Cedros Avenue MARKET: Solana Beach ASSET TYPE: Retail ~ ACRES: 0.92 SELLER: Marc Brutten - Brixton Capital (@BrixtonCapital) BROKERS: David Hagglund (@DaveHagg), Joel Wilson, Michael Peterson, Reg Kobzi & Rob Gunness - CBRE (@CBRE) SALE PRICE: $14,950,000 SF: 16,702 ~ PPSF: $895 NOTE: CBRE brokered the $14.95 million sale of 212 South Cedros, a 16,702-square-foot specialty retail center in Solana Beach, Calif., on behalf of seller Brixton Capital. The buyer, a private investment group, plans to maintain and enhance the fully leased property's status in the Cedros Avenue Design District.

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