Retail Opportunity Investments Corp. Sells Marketplace Del Rio In Oceanside For $56.6M

The property asset involved in the transaction is a retail shopping center located at 3762 Mission Avenue in Oceanside. This asset encompasses 183,292 square feet of space on a 20-acre lot, and it was sold for a total of $56,600,000. The price per square foot for this property is $309.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $56,600,000
• Address: 3762 Mission Avenue
• Market: Oceanside
• Asset Size: 183,292 SF
• PPSF: $309
• Seller: Retail Opportunity Investments Corp. (ROIC)
• Buyer's Representative: Chad Iafrate & Phil Lyons - Cushman & Wakefield
• Seller's Representative: James Tyrrell, Jimmy Slusher & Preston Fetrow - CBRE

In this transaction, Retail Opportunity Investments Corp. (ROIC) sold the Marketplace del Rio shopping center. The buyer's representation was handled by Cushman & Wakefield, with Phil Lyons and Chad Iafrate taking on future leasing efforts. The seller was represented by a team from CBRE, consisting of Jimmy Slusher, James Tyrrell, and Preston Fetrow.