Escondido Retail Center Trades

Marcus & Millichap arranged the sale of Centre City Plaza, a 14,260-square-foot multi-tenant retail property located in Escondido. The asset sold for $3,950,000.

“The property was on the market for 30 days and received six offers,” said Nick Totah, SVP investments for The Totah Group in Marcus & Millichap’s San Diego Downtown office. “The seller was retiring, and with the continued growth of Escondido and demand for well-located retail properties, the buyer plans to hold as a long-term investment.”

Totah and Ross Sanchez, senior investment associate for The Totah Group, marketed the property on behalf of the seller, Cruz Associates, LLC. The buyer, White Board Poway Associates LLC, was also procured by Totah and Sanchez.

Built in 1979, Centre City Plaza is located at 410 W. Felicita Ave. in Escondido. It was renovated in 2007 with major capital improvements, a new façade and in 2023 a new roof and parking lot.

By: Paul Bubny – Connected CRE – 02/16/2024

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