San Diego – CBRE announced the sale of Vista Village, a 195,000 square-foot shopping center in North County San Diego, to a Nevada-based investor.
Phil Voorhees, Jimmy Slusher, Eric Shain and Reg Kobzi represented the seller.
Built in 2003, the center’s tenant roster includes Frazier Farms, Cinepolis, Pets Plus and Crunch Fitness. Located at 235-401 Vista Village Drive in a dense residential area, the shopping center also includes a 41-unit apartment community within the property. The asset benefits from frontage along Vista Village Drive and easy access to Highway 78.
“In addition to growing residential density around the asset, Vista Village offered a blend of traditional and experience-based tenancy alongside a high performing natural grocer, all in strong demand from investors,” said Slusher. “The non-traditional site plan was complemented by a city-owned water park and served by a heavily trafficked light rail, making Vista Village a staple of the surrounding community."
The CBRE team also represented the buyer in the transaction.
Phil Voorhees, Jimmy Slusher, Eric Shain and Reg Kobzi represented the seller.
Built in 2003, the center’s tenant roster includes Frazier Farms, Cinepolis, Pets Plus and Crunch Fitness. Located at 235-401 Vista Village Drive in a dense residential area, the shopping center also includes a 41-unit apartment community within the property. The asset benefits from frontage along Vista Village Drive and easy access to Highway 78.
“In addition to growing residential density around the asset, Vista Village offered a blend of traditional and experience-based tenancy alongside a high performing natural grocer, all in strong demand from investors,” said Slusher. “The non-traditional site plan was complemented by a city-owned water park and served by a heavily trafficked light rail, making Vista Village a staple of the surrounding community."
The CBRE team also represented the buyer in the transaction.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
