1/28/2008

San Diego shopping plaza on the market for $12.5M

by

Metro Center

Marcus & Millichap Real Estate Investment Services has been hired to market the Metro Center, a 69,000 square foot shopping center in San Diego, Calif.

The retail center comes with a capitalization rate of 7.70 and a listing price of $12.5 million, or $181 per square foot. Alvin Mansour of the firm's San Diego office is representing the seller.

Built in 1988, the offering includes four separate buildings located at 1745-1765 Euclid Ave. They are situated on five acres and are 100 percent leased to tenants including San Diego Marketplace, Kragen Auto Parts and Magic Lube.

Address: 1745-1765 Euclid Ave., San Diego, Calif.

Size: 69,000 square feet

Built: 1988

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Filed Under: Retail

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