Brixton Capital Sells Retail Center In Solana Beach For $14.95 Million With CBRE Representation
California
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142 South Cedros Avenue
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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.
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