**Oceanside Retail Property Sells Above Asking Price to Owner-Occupier**
Marcus & Millichap has announced the sale of Mission Collective, a 4,070-square-foot retail property located at 610–612 Mission Avenue in Oceanside, California. The property sold for $2,700,000 — $100,000 above the original asking price.
“The sellers, based in Orange County, elected to reallocate their capital since this was their only San Diego asset,” said Ross Sanchez, Director of Investments for The Totah Group at Marcus & Millichap’s San Diego Downtown office. “The buyer will occupy the vacant suite with a tattoo studio, while the other suite will remain leased to Angry Chickz.”
Sanchez and Nick Totah, Managing Director of Investments, represented the seller, TP’s Eagles Nest, LP. The buyers, Jason Betz and Melissa Betz, were secured and represented by Robb Johnson, an Investment Specialist also based in Marcus & Millichap’s San Diego Downtown office.
“This transaction was fully executed in-house,” added Sanchez. “The buyer secured financing through Chad O’Connor, Executive Managing Director of Capital Markets at Marcus & Millichap Capital Corporation.”
This sale highlights increasing interest in North County retail properties, especially among owner-occupiers looking for investment opportunities with income-producing potential.
