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

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.