Oceanside Retail Trades to Owner-Occupier Above List Price

Marcus & Millichap closed today the sale of Mission Collective, a 4,070-square-foot retail property located at 610–612 Mission Ave. in Oceanside. The asset sold for $2,700,000, or $100,000 above the asking price.

“The sellers, based in Orange County, elected to reallocate their capital since this was their only San Diego asset,” said Ross Sanchez, director investments for The Totah Group in Marcus & Millichap’s San Diego Downtown office. “The buyer will occupy the vacant suite with a tattoo studio, while the other suite will remain leased to Angry Chickz.”

Sanchez and Nick Totah, managing director investments, marketed the property on behalf of the seller, TP’s Eagles Nest, LP. The buyers, Jason Betz and Melissa Betz, were secured and represented by Robb Johnson, an investment specialist in the San Diego Downtown office.

“We worked with Marcus & Millichap agents on both sides of the deal, and the buyer secured financing through Chad O’Connor, executive managing director capital markets with Marcus & Millichap Capital Corporation, making it a full in-house transaction,” said Sanchez.

Read More News Stories About: Marcus & Millichap

Connect

Inside The Story

Marcus & Millichap's Sanchez

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).

Order Reprints