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Real Estate/Development

May 4, 2017

Private investor sells Rosecrans Shopping Center for $15 million

The buyer, Carlsbad-based Capital Asset Management, reported in a news release it plans to renovate and reposition the center to attract health- and fitness lifestyle-oriented tenants.

Rosecrans Shopping Center, a 43,108-square-foot, fee-simple shopping center at 3555 Rosecrans Street in San Diego, has sold for $15 million.

Mark Thiel, senior vice president of investments in Marcus & Millichap's San Diego office represented the seller, a private investor.

Nick Totah, senior associate, and Ben Tashakorian, senior managing director of investments, also in Marcus & Millichap's San Diego office, procured the buyer, Carlsbad-based property management company Capita...

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