CBRE Arranges $3.7 Million Sale of Retail Property in Santee, California

CBRE facilitated the $3.7 million sale of a multi-tenant retail property located at 8781 Cuyamaca Street and 9822 Buena Vista Avenue in Santee, California. The 16,390-square-foot neighborhood shopping center was sold by affiliates of Calbay Development to the Burggraf Family Trust.

CBRE’s Reg Kobzi, Michael Peterson and Lane Robertson represented the seller in the transaction. The buyer was represented by William Strocco Jr. of St. Rocco Properties, Inc.

Situated on approximately 1.10 acres, the property is at a high-visibility, signalized intersection along Cuyamaca Street, a major commercial corridor with strong daily traffic. At the time of sale, the property was approximately 90% occupied and featured a diverse mix of neighborhood-serving tenants.

The property is located within the Santee trade area of San Diego County, an established suburban market characterized by strong household incomes, steady population growth and continued demand for neighborhood retail services.

“Well-located strip retail continues to attract strong investor interest, particularly assets that offer upside potential in rents,” said Kobzi, senior vice president at CBRE. “This property’s visibility within the Santee trade area made it a compelling opportunity for buyers seeking durable retail fundamentals in San Diego County.”

The center offers convenient access to State Route 52 and is positioned near a concentration of regional and national retailers, as well as the newly opened Sharp medical campus across the street.