Calbay Development has sold a 1,429-square-foot retail building at 1967 San Elijo Ave. in Cardiff-by-the-Sea, Encinitas, to Albatross LLC for $3.1 million. The property, located on a 16,702-square-foot lot near Cardiff Seaside Market Center and San Elijo State Beach, was formerly occupied by Jack in the Box and includes 20 parking spaces. CBRE brokers Reg Kobzi, Michael Peterson, and Joel Wilson facilitated the sale on behalf of the seller.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,100,000
• Address: 1967 San Elijo Avenue
• Market: Cardiff by the Sea
• SF: 1,429
• PPSF: $2,169
• Buyer: Albatross LLC
• Seller: Calbay Development
• Brokers: Michael Peterson, Reg Kobzi & Joel Wilson - CBRE

Albatross LLC acquired the retail building from Calbay Development for $3.1 million in a transaction facilitated by CBRE brokers. The property's prime location near the Cardiff Seaside Market Center and San Elijo State Beach enhances its attractiveness for potential tenants. The sale of the building, previously housing Jack in the Box, underscores the ongoing commercial real estate activity in the Cardiff by the Sea market.