A strip retail property, Galleria Vera Cruz, has 28,451 square feet of value-add, retailing space – and it’s sold for $9.45 million, according to a news release.

JLL Capital Markets closed the deal in the northern San Diego-area community of San Marcos, Calif. Representing the seller was the JLL team, led by Senior Director Daniel Tyner and Managing Director Gleb Lvovich, and Retail Insite, led by Mike Moser.

JLL and Retail Insite marketed the property on behalf of the seller, Galleria Vera Cruz, L.P. A private buyer acquired the asset, according to the release: 

Originally constructed in 1986, Galleria Vera Cruz is 95.33 percent leased to a mix of local food, health and beauty and financial services tenants, including Kumon, Darunee Thai Cuisine, iTan, Filipino Depot, Inland Tavern and more. 

Galleria Vera Cruz is situated on 2.16 acres at 1001-1003 W. San Marcos Blvd. at the highly visible intersection of San Marcos Boulevard and Via Vera Cruz, which is seen by approximately 41,200 vehicles per day.