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5/11/23
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Coronado Plaza, a 41.9k sf mixed-use property in Coronado, sold for $40 mil ($955/sf). The property is located at 1300 – 1330 Orange Ave, steps from the water.
The property is directly across R.H. Dana Place from the Hotel Del Coronado. The hotel's recent property upgrades added an entrance facing the Plaza.
Built in 1981, the Plaza features local restaurants and shopping destinations for millions of visitors annually. The multi-tenant three-story plaza property encompasses an entire block with Churchill Place to the north and R.H. Dana Place to the south.
Reg Kobzi, Joel Wilson and Michael Peterson of CBRE's San Diego office represented the sellers, PREF Coronado Plaza LLC, in the transaction.
"This is a fantastic mixed-use asset across from the world-famous Hotel Del Coronado," said Kobzi. "Because of its prime location, there will be ample traffic for the tenants at this property."
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