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California  + San Diego  + Retail  | 

CBRE Closes Sale of Grocery-Anchored Oceanside Center

CBRE’s National Retail Partners-West team closed the sale of Plaza Rancho Del Oro, a 65,054-square-foot regional center shadow-anchored by Albertsons and Planet Fitness, located in Oceanside. The property traded to a high-net-worth individual from Los Angeles for $34,311,000, or $527 per square foot.

The team has closed three coastal grocery-anchored shopping centers in Southern California in the past 60 days, totaling more than $137 million in consideration. In addition to Plaza Rancho Del Oro, the team recently completed the sales of Santa Ana Centre ($46,475,000) in Santa Ana and Marketplace Del Rio, also in Oceanside ($56,600,000).

In the sale of Plaza Rancho Del Oro, located at 4120-4196 Oceanside Blvd., Jimmy Slusher, James Tyrrell and Megan Lanni of CBRE’s NRP-West led the transaction representing the seller, A&C Properties, a private investment firm based in Phoenix and focused on grocery-anchored shopping centers in the Southwest. The team was assisted by CBRE San Diego-based leasing experts Reg Kobzi, Michael Peterson and Joel Wilson.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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