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$5.4M Bags Escondido Retail Asset

ESCONDIDO, CA-Chin Ciardella Investments LLC acquires the 50,052-sf shopping center from M&H Realty Partners IV LP. Current occupants here include Ralph's, Carl's Jr., 99 Cent Only and Everything $5.

By Erin Cassin | Updated on July 16, 2003

ESCONDIDO, CA-An LLC has recently shelled out $5.4 million for an Escondido shopping complex, as commercial real estate investors continue to snap up retail product throughout San Diego County.

The shopping center, which is known as Escondido Center, encompasses a total of 50,052 sf. Currently occupied by stores including Ralphs and 99 Cents Only, it is located in the city’s central retail core at East Valley Parkway and Ash Street. This particular section of Escondido has attracted a number of new retailers in recent years, according to Kevin Held of BRE Commercial/NAI’s Net Leased Investment Group, who worked on the Escondido Center transaction.

“Over the last few years, many national retailers have opened up new locations revitalizing the central retail core of Escondido,” Held says.

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