The retail automotive center has officially closed escrow today and was sold for $13,825,000. The transaction was dually represented by Pacific Coast Commercial agents, Vince Provenzano, Robert Phillips, Shirley Kanamu, and Parker Schultz.
REPRESENTATION
Seller Representation: Pacific Coast Commercial
Broker Rep: Vince Provenzano, President of Brokerage & Robert Phillips, CEO
Buyer Representation: Pacific Coast Commercial
Broker Rep: Shirley Kanamu, Senior Broker Associate & Parker Schultz, Sales & Leasing Associate
SALE DETAILS
Property Type: Retail Automotive Center - “Camino Encinitas Auto Plaza”
Square Footage: Approx. 47,609 SF Retail Automotive Center on 121,968 SF Lot
Sale Price: $13,825,000
Close of Escrow Date: 4/15/2020
Seller Name: Encinitas Center Partners, a California Limited Partnership
Buyer Name: HP Investors, LLC
Escrow Company: Fidelity National Title Company, Samantha Maestas
Title Company: Fidelity National Title Company, Tim Noonan
Financing: California Bank and Trust
Additional Property Information:
Pacific Coast Commercial announced today that HP Investors, LLC has acquired a 47,609 SF auto repair retail center in Encinitas, California. “Located on one of the highest demographic and dense retail streets in San Diego County, this property is well positioned to be a great investment for years to come,” stated Vince Provenzano, President of Brokerage. “It is one of the last remaining auto centers in the area, with a total of 17 tenants and very little vacancies over the past 5 years.” Pacific Coast Commercial has been retained to continue with Property Management and Leasing services.