Encinitas CA— Colliers International San Diego Region announces the sale of El Camino Square, a 28,037-square foot retail center located in Encinitas for $12,200,000.
Vic Gausepohl and Kirk Allison of Colliers International San Diego Region represented the buyer, Capstone Advisors. Gausepohl and Allison will also handle leasing for El Camino Square. The seller, US Financial LP, was self-represented.
El Camino Square is a two-level retail center located in the heart of Encinitas’ commercial corridor at 191 North El Camino Real, Encinitas, CA. Current tenants include T-Mobile, Salon Bella Bella, Golden State Bagels and Chiltonic, among others.
“El Camino Square presented a unique opportunity to purchase a key property on the main commercial corridor in one of the most affluent trade areas in San Diego County where demand and rental rates continue to peak,” said Vic Gausepohl, Senior Vice President at Colliers International San Diego Region. “It is the only property in the area offering all small shop tenants unobstructed visibility to El Camino Real with over 43,000 cars per day.”