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Sentre Snags San Marcos Retail Center for Nearly $20M
San Diego-based Sentre acquired San Marcos Village, a 96,606-square-foot shopping center in San Marcos, CA for $19.25 million. CBRE’s Scott Peterson, Bill Chiles, Brian Cruz and Morgon Fraser arranged an $11.64 million, seven-year fixed rate loan through a regional bank on behalf of the borrower.
The multi-tenant North County property at 155 Rancho Santa Fe Rd. is anchored by San Marcos’ only Grocery Outlet Bargain Market, and is home to such tenants as dd’s Discounts, 99 Cents Only, Boost Mobile, Auto Zone and Western Dental.
The new owner plans to renovate the property over the course of three years. That includes aesthetic property and storefront enhancements, improved path of travel into the center via landscaping and signage, re-paving the parking lot, and an overall rebrand of the property to improve customer experience.
CBRE’s Phil Voorhees, Reg Kobzi, Preston Fetrow and Eric Shain represented both parties in this transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




