Cardiff, CA
CBRE Arranged the $3.1 Million Sale of Free-Standing Restaurant Building
The 1,429-sq.-ft.-building is across the street from the San Elijo Beach
June 25, 2024
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CBRE’s Reg Kobzi, Michael Peterson, and Joel Wilson arranged the $3.1 million sale of 1967 San Eijo Ave., in Cardiff, Calif. The team represented Calbay Development LLC in selling the building to Albatross LLC.
The 1,429 -sq.-ft-building sits on a 16,702 -sq.-ft coastal pad adjacent to the Cardiff Seaside Market Center and directly across from San Elijo State Beach. The building was formerly a Jack in the Box with more than 20 parking spaces surrounding the building. The buyer purchased with intent to redevelop the site and occupy its business on site.
“This building sits on an exceptional location in a coastal city, offering immense potential for the investor looking to capitalize on location,” said Mr. Kobzi, senior vice president at CBRE.
Situated in the coastal beach city of Cardiff by the Sea in North County San Diego, it offers valuable exposure with immediate access to Highway 101.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.