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5487 Clairemont Mesa Boulevard

CEG Capital Partners Acquires 53,294 SF Retail Center In San Diego For $23 Million
SOLDRetail

CEG Capital Partners Acquires 53,294 SF Retail Center In San Diego For $23 Million

5487 Clairemont Mesa Boulevard

$23,000,000

$431/SF

Building Size

53,294 SF

Asset Type

Retail

Closing

Oct 22, 2025

AI

The retail asset involved in the transaction is located at 5487-5597 Clairemont Mesa Boulevard in San Diego. CEG Capital Partners acquired the property from The Shops at Madison Place LLC for $23 million. The asset spans 53,294 square feet and was approximately 93% leased at the time of sale, translating to a price per square foot of $432.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $23,000,000
  • Address: 5487-5597 Clairemont Mesa Boulevard
  • Market: San Diego
  • Square Footage: 53,294
  • Price Per Square Foot: $432
  • Buyer: CEG Capital Partners
  • Seller: The Shops at Madison Place LLC
  • Brokers: Reg Kobzi, Rachel Parsons & Michael Peterson - CBRE

CBRE's brokers Reg Kobzi, Rachel Parsons, and Michael Peterson represented the seller in this transaction, facilitating the sale process for The Shops at Madison Place LLC.

Players

Rachel Parsons

CBRE

Broker

$1.2B

vol

15 deals

Broker
CBRE
CBREBrokerage

San Diego Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93