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Quarry Creek Plaza, a 15,690 SF retail center shadow-anchored by Albertsons, has been sold. The center is in Oceanside, a coastal city in northern San Diego County that is 38 miles north of downtown San Diego. HFF brokered the sale on behalf of Quarry Creek Investors.
“The sale of Quarry Creek Plaza represents investor’s continued interest in acquiring internet-resistant retail environments consisting of food and services tenants,” said Gleb Lvovich, a member of the HFF retail investment advisory team representing Quarry Creek Plaza.
Construction of Quarry Creek Plaza was completed in 2003. The center is shadow-anchored by Albertsons and across from a Walmart Supercenter, both of which provide a necessity-based “daily-needs” draw to the property. It is 92.6% leased to a variety of internet-resistant tenants, including Jamba Juice, Subway, Supercuts, America Dry Clean and Smashburger.
Additional shadow anchors include PetSmart and Kohl’s, which have a regional attraction. Quarry Creek Plaza is at 3460 and 3480 Marron Road where Mason Road intersects with College Boulevard and is exposed to more than 51,000 vehicles per day. The center is at the entrance of The Preserve, a master planned community in Carlsbad with more than 570 homes under construction. More than 119,318 residents earning an average annual household income of more than $93K live within a three-mile radius of the center.
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