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Rancho Santa Fe Mixed-Use Property Sells for $11M, Cushman & Wakefield Reps Seller

Rancho Santa Fe Mixed-Use Property Sells for $11M

Grand Restaurant Group, the operator of Nick & G’s Restaurant in Rancho Santa Fe, CA, has purchased a mixed-use property in downtown Rancho Santa Fe for $11.2 million. The buyer is the anchor tenant of the site at the corner of Paseo Delicias and La Granada, which consists of 11,900 square feet of retail, restaurant, office and residential space.

Cushman & Wakefield’s Peter Curry, Brooks Campbell and Chad Iafrate along with Kidder Mathews’ Ray Adams represented the seller, Millar Properties, LLC in the transaction. Michelle Bothof with BHGRE & Associates represented the buyer.

“This is a trophy, generational asset dating back to the 1940’s,” said Curry. “The property is desirably located on the corner of two main thoroughfares, providing exceptional visibility and accessibility, while its Lilian Rice Spanish Revival architecture offers an iconic Rancho Santa Fe ambience.”

“A portion of the land is also unused and includes Urban Residential zoning, potentially further increasing the use options for the property,” added Adams.


Inside The Story

Grand Restaurant GroupCushman & Wakefield's Peter CurryKidder Mathews' Ray AdamsBHGRE & Associates

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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