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

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.