GATEWAY CENTER
ESCONDIDO, CA
$24,825,000
89,625 SQ FT.
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.