San Diego, CA
CBRE Facilitates $3.45 Million Sale of Retail Property near Otay Mesa Border Crossing
March 18, 2025
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CBRE facilitated the $3.45 million sale of a 3,000-sq.-ft.-building located at 2325 Roll Drive in San Diego, California.
The property is a drive-thru Starbucks conveniently located near the Otay Port of Entry, with over 15 million vehicles and 2.8 million pedestrian crossings per year. The property was renovated from a bank to a Starbucks in 2017 on a .78-acre lot.
CBRE’s Reg Kobzi, Joel Wilson, and Michael Peterson represented the seller, IRE Development LLC, and the buyer, Hidden Valley North LP, represented themselves in the transaction.
This is the fifth asset sale this quarter by Kobzi, Wilson and Peterson. Last year, they completed over $165 million in sales.
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.