Block-Sized Mixed-Use Changes Hands in Coronado
CBRE arranged the $40-million sale of the 41,949-square-foot Coronado Plaza at 1300 – 1330 Orange Ave. in Coronado. Reg Kobzi, Joel Wilson and Michael Peterson of CBRE’s San Diego office represented the sellers, PREF Coronado Plaza, LLC. The buyer wasn’t disclosed.
The property is directly across R.H. Dana Place from the Hotel Del Coronado. The hotel’s recent property upgrades added an entrance facing the Plaza.
Built in 1981, the Plaza features local restaurants and shopping destinations for millions of visitors annually, CBRE said. The multi-tenant three-story plaza property encompasses an entire block with Churchill Place to the north and R.H. Dana Place to the south.
“This is a fantastic mixed-use asset across from the world-famous Hotel Del Coronado,” said Kobzi. “Because of its prime location, there will be ample traffic for the tenants at this property.