In the shadow of Vons and CVS, a San Diego strip center gets a trade at a 5% cap due to a 1031 exchange. CBRE's Philip Voorhees and Todd Goodman, along with Retail Insite's Mike Moser, brokered the sale of Scripps Ranch Marketplace Phase 2, a 28,700 SF strip center, which includes such tenants as Chase, Verizon and Which Wich. The buyer was not identified. The sale also includes a nearly seven-acre parcel along Scripps Poway Parkway. The circa-2000 center was fully leased at the time of the sale.
Shadow-Anchored Vons Strip Center Trades for 5% Cap
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Related Topics:
CBRE
, CVS Pharmacy
, Mike Moser
, Philip Voorhees
, Retail InSite
, Scripps Ranch Marketplace Phase II
, Todd Goodman
, Vons
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