Coronado Plaza, a mixed-use middle situated throughout the road from the famed Lodge del Coronado, has been offered for $40 million, an actual property agency introduced.
PREF Coronado Plaza, LLC, offered the 41,949-square-foot, three-story property, at 1300-1330 Orange Ave. in Coronado.Reg Kobzi, Joel Wilson and Michael Peterson of CBRE’s San Diego workplace represented the vendor. The client was not named.
The resort’s current property upgrades added an entrance dealing with the plaza, throughout R.H. Dana Place from the historic resort.
In-built 1981, the positioning options native, informal eating places and looking for the throngs of tourists who flock to the seaside neighborhood every year. The multi-tenant three-story plaza property encompasses a complete block with Churchill Place to the north and Dana Place to the south.
“It is a improbable mixed-use asset throughout from the world-famous Lodge Del Coronado,” mentioned Kobzi. “Due to its prime location, there will likely be ample visitors for the tenants at this property.”
Coronado Plaza is one in every of three properties in Coronado that Kobzi, Wilson and Peterson have offered or bought for shoppers over the previous few years.
In 2022, the trio additionally represented El Cordova Coronado LLC in buying the El Cordova Lodge for $45 million. In 2019, they represented the client when the La Avenida Inn offered for $24.7 million.