Marcus & Millichap Sells Lowe's-Anchored Shopping Center In Escondido For $28.5M

A Lowe's-anchored shopping center in Escondido, California, has been sold by Marcus & Millichap for $28.5 million. The buyer has acquired a rare property in a prime San Diego-area market, overcoming planning and title challenges. The property is located at 600-644 West Mission Avenue and spans 179,514 square feet with a price per square foot of $159.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $28,500,000
• Address: 600-644 West Mission Avenue
• Market: Escondido

Ron Duong, Joe Berkson, and Adam Attia from Marcus & Millichap facilitated the sale of the Lowe's-anchored shopping center. Their expertise in the market and diligent efforts enabled the successful completion of the transaction despite the challenges faced. The buyer now owns a highly desirable property in an sought-after area of San Diego.