Torrey Corner Shopping Center in the Carmel Valley area sells for $6.1 million

Torrey Corner Shopping Center


Cassidy Turley BRE Commercial announced Aug. 29 the $6.1-million sale of Torrey Corner Shopping Center.

Located at 11120 and 11130 East Ocean Air Drive, the 13,344-square-foot retail center is situated in the premier Carmel Valley submarket. The center is anchored by Bank of America, Love to Dance, Prudential Real Estate, Sun Smiles Dentistry, Zip Fusion Sushi and Massage Envy.
Andrew Peterson, Bruce Schiff, CCIM, Phil Lyons, CCIM, and Chad Iafrate, CCIM, with Cassidy Turley BRE Commercial’s retail division represented the seller, Sorrento Hills Marketplace 2, LLC, in the transaction. The buyer, 3 Tier Investments, LLC, represented itself.

“Carmel Valley is a highly sought after trade area with limited retail projects and many barriers to entry for new development. It is no surprise that this well-located property sold at $457 per square foot – a high price for retail strip shopping centers,” said Andrew Peterson.

For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Related posts:

  1. Planning for new Carmel Valley shopping center creates a buzz
  2. World Triathlon leases space
  3. Carmel Valley: Public comment period on Kilroy project coming soon
  4. Movie Nights come to Piazza Carmel Shopping Center
  5. Carmel Valley Community Calendar

Short URL: http://www.delmartimes.net/?p=26796

Posted by Staff on Aug 29, 2011. Filed under Carmel Valley, Del Mar, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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