SJ Amoroso Properties Co. Acquires Strawflower Village Shopping Center In Half Moon Bay For $34M

Matthews Real Estate Investment Services brokered the $34 million sale of Strawflower Village Shopping Center in Half Moon Bay to SJ Amoroso Properties Co. The retail property covers an area of 7.2 acres and is located at 50 Cabrillo Highway North in Half Moon Bay's market. The property is anchored by Safeway and is currently 96% leased. The transaction took place on November 21, 2023.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $34,000,000
• Square Footage: 33,000
• Price Per Square Foot: $1,030
• Address: 50 Cabrillo Highway North, Half Moon Bay
• Market: Half Moon Bay

TIm Gilmartin from The Gilmartin Group represented SJ Amoroso Properties Co. as the buyer's representative in this transaction. On the other hand, Marko Buljan from Matthews Real Estate Investment Services represented the seller, HMB Musich LLC. Both brokers played a pivotal role in ensuring a successful sale of Strawflower Village Shopping Center.

Note: Tim Gilmartin represented the buyer, SJ Amoroso Properties Co., while Marko Buljan represented the seller, HMB Musich LLC, in this $34 million sale of the retail property located in Half Moon Bay. The property is anchored by Safeway and is currently 96% leased.