RAF Pacifica Group has acquired a fully leased retail asset on South Coast Highway 101 in downtown Encinitas, expanding its holdings in one of the corridor’s most active walkable retail districts. The commercial real estate investment firm, which focuses on retail, industrial, mixed-use, and office properties across the San Diego area, purchased the five-tenant building located at 548-568 South Coast Hwy. 101. The parties did not disclose the acquisition price.
According to RAF Pacifica Group founder and president Adam Robinson, the transaction originated through an existing tenant at the property. Robinson noted that the tenant became aware that the long-time owner was considering a sale and approached RAF Pacifica Group directly, expressing a preference for the firm to become its new landlord. He added that retail properties in this stretch of Highway 101 rarely reach the open market and typically trade quickly when they do.
The building totals 4,939 square feet and occupies a prominent position directly on Highway 101 within the 101 Shopping District, a walkable corridor that serves locals and visitors in downtown Encinitas. The location sits a short distance from Moonlight State Beach, providing access to both neighborhood foot traffic and beach-oriented visitors. The tenant mix consists of three retail shops and two restaurant users, collectively filling the property at 100% occupancy at the time of sale.
The asset had been held by the same family for more than six decades before this transaction, underscoring the relative scarcity of long-held, fully leased retail properties becoming available along this stretch of the corridor. The sale marks a transition from multi-generational family ownership to an institutional-style investment owner with a broader San Diego portfolio. While financial terms and cap rate were not released, the combination of full occupancy, long-term ownership history, and a highly trafficked coastal location aligns the property with stabilized retail investment product in mature coastal submarkets.
RAF Pacifica Group’s acquisition adds a downtown Encinitas asset to its regional portfolio strategy focused on key commercial nodes throughout the San Diego area. The property provides the buyer with immediate in-place income from a diversified tenant base covering both retail and restaurant categories. No information was provided on lease terms, remaining durations, or any planned repositioning or redevelopment strategy, and the transaction was reported without details on the seller’s identity or any financing structure involved.
