Matthews™ Completes Sale of 17,000 SF Big-Box Asset in California

SAN DIEGO— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of a retail property located at 2175 Montiel Road in San Marcos, California. Matthews™ First Vice President & Director Gene Mello represented the buyer in the $6,000,000 transaction.

 

Situated within a key North County trade area, the 17,000-square-foot big-box asset formerly operated as Cole’s Carpets within Red Rock Shopping Center. The buyer targeted the site based on strategic data and market analysis, identifying the property as an ideal location for its next grocery store and an opportunity to combine long-term real estate ownership with on-site business operations

 

The Matthews™ agent navigated delays during due diligence due to the government shutdown, which affected SBA lending, coordination with local government agencies, and securing the right lending partner for a complex financing process. Through close coordination with all parties, Matthews™ ultimately ensured a successful outcome.

 

“Ultimately, the buyer realized they were acquiring a well-located asset which would support their essential business needs now and well into the future,” Mello said. “North County San Diego continues to be a hot market for acquisition. I can’t wait to visit my client’s grocery store when it opens for business!”

 

For more information, please contact Gene Mello or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.