The Totah Group of Marcus & Millichap, a leading commercial real estate brokerage firm, recently facilitated the sale of Citrus Strip Center in Escondido. The 27,310-square-foot retail property was sold for $6.2 million.
According to Nick Totah, Senior Vice President at the Totah Group, the seller was an out-of-state investor looking to divest their last California property. After just one month on the market and receiving three offers, Citrus Strip Center was successfully sold.
Totah represented Cavalier Investments LLC as the listing agent while also procuring Eiad and Vera H Family Trust as buyers – marking his second successful shopping center sale in Escondido this year.
The new owners plan to lease up all 16 retail suites and two kiosks within Citrus Strip Center with a variety of tenants including restaurants, professional services providers,and fitness centers among others. The property is conveniently located near popular anchor stores such as Vons and US Bank along with other amenities like Shell gas station and Dutch Bros Coffee shop.
This recent transaction further solidifies Marcus & Millichap’s reputation for delivering exceptional results in commercial real estate sales across Southern California.
