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CBRE Negotiates Sales of Three Carlsbad Restaurants
CBRE negotiated the sale of King’s Fish House, P.F. Chang’s and BJ’s Restaurant in Carlsbad for $23.525 million. Each property, located along Paseo Del Norte, sold to separate buyers.
CBRE’s Reg Kobzi, Michael Peterson, Joel Wilson, Philip Voorhees, Megan Lanni and Eric Shain represented the seller, California-based CPT/SC Title Holding corporation, in all three sales.
“Even in the financially constrained market we’re in, these assets had tremendous interest from investors, due to the desirability and stability of the San Diego coastal retail market,” said Kobzi.
Creekside Shops LLC purchased King’s Fish House at 5625 Paseo Del Norte for $10.3 million. Located at 5621 Paseo Del Norte, P.F. Chang’s sold for $5.725 million.
BJ’s Restaurant at 5613 Paseo Del Norte sold for $7.5 million to K Ishii Manhattan Ave LLC. Shaun Riley with Faris Lee Investments represented the buyer.
- ◦Sale/Acquisition
