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Record-Breaking $42M Sale for Oceanside Shopping Center
Del Oro Marketplace, a 102,000-square-foot shopping center in Oceanside, CA, has traded hands. The property at College and Oceanside Boulevard sold for $41.7 million at a 5.08% cap rate, a record for a non-grocery anchored shopping center in San Diego County.
Helm Properties’ Jeff Helm represented the undisclosed private investor buyer. Matthews Real Estate Investment Services’ El Warner and Caitlin Zirpolo advised the unnamed private San Diego-based seller. Matthews worked with CBRE’s leasing agents, Reg Kobzi and Joel Wilson, who supported the transaction with local market knowledge.
The free-standing Walgreens on the north-east corner of the center was sold individually to a private buyer from Northern California in an exchange at a record-breaking 4.34% cap rate for a Walgreens in all of California since 2016.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




