Deal of the Week

March 27, 2015

March 31, 2015

April 3, 2015


Coronado retail sold

The Deal of the Week was the sale of the three-level, 27,403-square-foot Island Terraces shopping center at 1033 B Ave., Coronado, for $19,723,500, cash.

The buyer was Island Terrace L.P., of Los Angeles.

The seller of the property was CLI LLC, with Frazad Yaghouti and Farshad Yaghouti as members and managers.

The retail development constructed in 2007 on a 13,939-square-foot corner lot at B and Ynez Place across from the Hotel del Coronado.

The property includes 50 underground and 10 covered surface parking spaces.

Tenants include Keller Williams Realty in late 2012, with 3,100 square feet for 10 years at $773,000; Zhao Xia Granados in fall 2008, with 1,418 square feet for five years at $249,518 for a day spa; and California American Water Company Inc., in fall 2008 with a seven-year, $2.56 million lease for 8,751 square feet.


March 27, 2015

March 31, 2015

April 3, 2015