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Commercial Real Estate Alliance of San Diego's Deal Makers of the Year

Retail sales/leases finalists

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Phil Voorhees, Reg Kobzi, Joel Wilson
Bonita Centre, 4364-4450 Bonita Road, Bonita
98,854 square feet
Total consideration: $30.55 million

About the property:
Donahue Schriber Commercial Real Estate purchased Bonita Centre from Nottingham Associates Inc. for $30.55 million. Located at 4364-4450 Bonita Road in San Diego’s Bonita submarket, the 98,854-square-foot retail center is anchored by Vons and Rite-Aid. The project was 93 percent leased at time of sale.

Closing the deal:
Encumbered by debt, the CBRE marketing team had to locate a buyer that could assume the full balance of the existing loan.

Bonita Centre is an older project, and Donahue Schriber Commercial Real Estate has a history of upgrading projects through extensive renovations. Donahue Schriber Commercial Real Estate plans to modernize the center, which will enhance the property’s value and elevate the community.

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