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12/22/21
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Fletcher Marketplace, a fully leased, 12k sf retail strip center in the San Diego-area community of El Cajon, sold for $11.4 mil ($950/sf). SoCal-based Brixton Capital LP sold the property to a private investor.
Completed in 2020, the two-building Fletcher Marketplace is NNN-leased to five tenants, including Mattress Firm, Dave’s Hot Chicken, The Joint Chiropractic, Urbane Café and California Fish Grill. The property strategically sits adjacent to one of San Diego’s top Home Depot locations along with a newly constructed In-N-Out Burger.
Fletcher Marketplace is situated on 1.97 acres at 110 Fletcher Pkwy in El Cajon, about 16 miles from downtown San Diego. The center is adjacent to Hwy 67, which provides visibility to more than 106,000 vehicles per day, and positioned directly across the street from the high performing Parkway Plaza Mall.
Gleb Lvovich and Daniel Tyner with JLL Retail Capital Markets represented the seller. Don Moser of Retail Insite provided local market support.
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