Pacific Coast Commercial is pleased to announce the sale of 701-777 Broadway, El Cajon, CA. The multi-tenant retail shopping center was 95% occupied at the time of the sale. Brian Crepeau and Vanessa Reza of Pacific Coast Commercial, stated, “The shopping center is a mix of strong local and regional retail tenants, many with long term tenancy histories. The center is well located off the busy Broadway corridor in El Cajon with easy access to highways 8 & 67. The center offers retail spaces ranging from 1,100 to 8,100 sq. ft. a diverse mix of sizes to meet the needs of all types of retail tenants.”
SALE DETAILS
Address: 701-777 Broadway, El Cajon, CA 92021
Property Type: 95% Leased Multi-Tenant Retail Shopping Center
Square Footage: Approx. 25,460 SF
Price: $8,232,000 ($323/SF)
Seller Name: Broadway Center Associates, LLC
Buyer Name: Alcatraz475 LP, a Nevada limited partnership / Birch8330 LP, a Nevada limited partnership
Seller Representation: Pacific Coast Commercial
Broker Rep: Brian Crepeau & Vanessa Reza
Buyer Representation: The Udinsky Group
Broker Rep: Bing Udinsky