CBRE Negotiates Sale of 3 Carlsbad, CA Restaurants

CBRE negotiated the sale of King’s Fish House, P.F. Chang’s and BJ’s Restaurant in Carlsbad for $23.525 million to separate buyers, representing California-based CPT/SC Title Holding Corporation in all three sales. Reg Kobzi of CBRE noted that despite the financially constrained market, these assets had tremendous interest from investors due to the desirability and stability of San Diego’s coastal retail market. Creekside Shops LLC purchased King’s Fish House at 5625 Paseo Del Norte for $10.3 million; located at 5621 Paseo Del Norte, P.F Chang’s sold for $5 .725 million; while BJ’s Restaurant at 5613 Paseo Del Norte sold for $7 .5 million to K Ishii Manhattan Ave LLC with Shaun Riley from Faris Lee Investments representing the buyer..