Cushman & Wakefield arranged the acquisition of The Lofts at Moonlight Beach, a mixed-use multi-tenant retail/commercial property located at 90 N Coast Highway 101 in Encinitas. The property consists of 13 commercial units totaling 13,211 square feet and sold for $10.05 million.

The buyer was USA Properties, Inc., a real estate investment company headed by Michel Kucinski. Peter Curry, Owen Curry and Brooks Campbell with Cushman & Wakefield’s Private Capital Group in San Diego represented USA Properties. The seller was Viewpoint Equities Inc., represented by CBRE’s Joel Wilson, Reg Kobzi, and Michael Peterson.  

USA Properties will shift the marketing strategy for the circa-2008 property, by converting the existing 13 commercial units from a for-lease basis to purchase opportunities.

“We saw an incredible opportunity to purchase this quality commercial condominium project and then break apart the units, offering them to the current tenants to purchase their own condo unit—Michel believed strongly in this plan and our team’s execution,” said Peter Curry.

Thursday, March 20: Be there to learn from and network with the experts from Gantry, CBRE, Wonderful Real Estate, BKM Capital Partners, Thorofare Capital, Kidder Mathews, Buchanan Street Partners, and many more on March 20^th at the 9^th annual Connect Orange County conference. Don’t miss out on the industry’s most insightful Orange County CRE event of 2025. Be sure to register in advance; registration pricing increases on event day. www.ConnectOC2025.com