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Fletcher Hills Center in El Cajon Trades for $7.8M
Peckham Properties Inc. divested The Shops at Fletcher Hills Center in El Cajon, CA to Fletcher Hills Properties LLC for $7.8 million. Located at 2320-2396 Fletcher Parkway, Sentre invested roughly $1.8 million into the property in 2014 to improve the asset, including a complete renovation of its office suites.
Sentre’s Doug Arthur says, “Sentre is pleased to have successfully repositioned the The Shops at Fletcher Hills Center, which resulted in an improved and stabilized rent roll and 98% occupancy prior to advising in the sale of the asset.”
The property was built in 1959, sits on roughly 2.86 acres, and includes three retail buildings totaling 36,750 square feet.
The buyer was represented by Alfred Atallah of Atallah Group. The seller was represented by CBRE’s Phil Voorhees, Kirk Brummer, Sean Heitzler, Reg Kobzi and Megan Wood. San Diego-based Sentre advised the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




