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1/16/17
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Campus Marketplace, a 144.1k sf shopping center in San Marcos, was acquired by an investment entity for $73.4 mil ($509/sf). The property is located at the southwest corner of Twin Oaks Valley Rd and State Route 78.
Campus Marketplace is a Class A neighborhood center that features such tenants as Ralph’s Grocery, CVS Pharmacy, Starbucks, Subway, Bank of America, UPS Store and Unleashed by Petco. The property is situated near Cal State University San Marcos, the San Elijo Hills masterplanned residential community, Palomar Health Center and Kaiser Permanente medical facility.
Jan Fincham and Patrick Dempsey with Lee & Associates Arizona represented the buyer, IVT San Marcos Campus LLC, an entity controlled by Inventrust, and the sellers, Campus CMH LLC, 36 CMH and Campus BRB LLC, an entity managed by Ryan Denk.
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