GATEWAY CENTER

ESCONDIDO, CA

$24,825,000

89,625 SQ FT.

Gateway-Center

AT A GLANCE

  • High performing San Diego retail center with excellent national tenant mix.

  • Long term occupancy combined with strong shop leasing activity.

  • Excellent streeth frontage on one side of San Diego's busiest thoroughfares.

CHALLENGES

  • Near term roll-over with anchor tenants.

  • We were able to extend both leases prior to closing.

  • Anchor tenant (Barnes & Noble) is not perceived as a strong tenant in today's market.

MARKETING STRATEGY

  • Marketed to Faris lee's propriety buyer pool

  • Showcased the strength of the location and trade area.

RESULTS

  • Closed with local San Diego buyer.

  • Generated multiple compoeting offers from various buyer profiles.