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LP Bags Grocery Store in $3.8M Deal

SAN DIEGO-1545 O'Connell LP acquires the Vons Grocery Store-Scripps Ranch facility from Yoshizawa Hozen Co. Encompassing 33,215 sf, the building was developed as a build-to-suit for Vons Grocery in 1988.

By Erin Cassin | Updated on February 06, 2003

SAN DIEGO-In yet another sign of the current investment interest in the San Diego retail market, a grocery store located here has been sold to an LP for $3.8 million.

1545 O’Connell LP has acquired the single-tenant property, known as Vons Grocery Store-Scripps Ranch, from Yoshizawa Hozen Co. Encompassing 33,215 sf, the building stands on a 2.58-acre parcel located at 10016 Scripps Ranch Blvd. Vons Grocery signed a 20-year lease for the facility in 1988 when it was constructed for the retailer as a build-to-suit. Set to expire on December 31, 2008, the lease does include six five-year options to renew.

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