Faris Lee Investments Facilitates $5.4M Sale Of Retail Property In Oceanside

Faris Lee Investments closed a $5.4 million all-cash deal for a three-tenant strip pad in Oceanside. The strip pad, located at 2178 Vista Way and part of Pacific Coast Plaza, features stable tenants including T-Mobile, Navy Federal Credit Union, and Bricks & Minifigs. This enhances the property, which is anchored by major retailers.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $5,400,000
• Address: 2178 Vista Way
• Market: Oceanside

The seller, Don MacLellan from Faris Lee Investments, represented the seller in the transaction. He facilitated the deal with a Washington State buyer in a 1031 exchange.