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In a notable SoCal retail trade, Capstone Advisors bought Beachwalk Shopping Center, a 55.6k sf, coastal retail property in Solana Beach, for $32.125 mil ($578/sf). Beachwalk features a diverse tenant mix including food and beverage, health and wellness and service-oriented businesses with a strong following in the community.
Located at 437 S Highway 101, Beachwalk offers strategic access to major east/west thoroughfares and serves affluent communities including Del Mar, Encinitas and Rancho Santa Fe. The property benefits from its proximity to popular San Diego destinations such as the Del Mar Racetrack, Del Mar Fairgrounds and Cedros Design District.