HFF, on behalf of the owner, is marketing for sale Rancho Serra Mesa Center, a 56,395-square-foot neighborhood retail center located in San Diego. Anchored by CVS Pharmacy and Crunch Fitness, the retail property for sale features a diversified roster of daily-needs oriented national tenants and is currently 95.8 percent leased. Rancho Serra Mesa Center offers investors the opportunity to acquire a drug- and fitness-anchored retail center with income security from an internet-resistant income stream on long term leases in an infill Southern California location.
Situated on almost five acres at 3202-3304 Greyling Drive, the retail center for sale is positioned at the intersection of Greyling Drive and Sandrock Road, which is exposed to more than 20,000 cars per day. There are no competing anchored retail centers within one-mile radius of the center. Additionally, Rancho Serra Mesa Center is centrally located among a dense residential area within the heart of San Diego.
Rancho Serra Mesa Center is located in the thriving Serra Mesa community in the northern part of San Diego. Serra Mesa includes the neighborhoods of Mission Village, Birdland and Abbots Hill, as well as The Village at Serra Mesa in Lincoln Military Housing’s Naval Complex San Diego. Serra Mesa is bounded to the north by Aero Drive and Montgomery Field airport, to the west by the State Road 163, to the east by the Interstate 15 and the Stonecrest community and to the south by Friars Road and Mission Valley. More than 24,000 residents live in a variety of single-family homes, apartments and condominiums in Serra Mesa and enjoy Serra Mesa’s six elementary schools, Taft Middle School and plentiful public parks and open space, including Ruffin Canyon.
For more information on this commercial property for sale or other retail properties on the market, please contact Bryan Ley, Justin Kundrak or Daniel Tyner. Click here for our real estate investment sales search page.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker Licensed with the California Department of Real Estate, License Number 01385740.