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7/09/18
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Brixton Capital purchased a former El Cajon Police Station, located at 100 Fletcher Pkwy in the city of El Cajon, for $4.2 mil. The site, purchased from the City of El Cajon, marks Brixton’s fourth acquisition of 2018.
Brixton will transform the 4.11 acres of developable land into Fletcher Marketplace, a mixed-use project comprised of approximately 16k sf of retail space and a 60k sf hotel. Brixton will sell 1.4 acres of the site to Excel Hotel Group, which will handle the hotel development portion of the project while Brixton simultaneously builds the retail portion.
According to Bob Emri, Chief Investment Officer at Brixton Capital, “This is an excellent opportunity to completely transform a high-profile corner in El Cajon. We have worked closely with the City the past two years to make this the best site possible and are excited to begin development.”
The retail center is 99% pre-leased and includes tenants In-and-Out, Blaze Pizza, California Fish Grill, Urbane Café and Mattress Firm.
Don Moser and Matt Moser at Retail Insite represented both parties in the transaction and also manage leasing for Brixton Capital. Dempsey Construction will be the contractor for the development.
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