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June 17, 2024
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San Marcos Redevelopment Site Goes for Just Over $100/sf


A potential redevelopment site in San Marcos traded in a recent $5.8 mil deal. The 1.25-acre ($106/sf) site, located at 263-285 East Carmel St, was purchased by Saianvi Investments LLC.

The property is situated along on Carmel St, parallel to State Route 78. The parcels are in the University District, adjacent to California State University San Marcos.

The site was previously occupied by Sid's Carpet Barn, a locally owned carpet and hardwood flooring company. The business operates three other locations and will find a new location in North San Diego County.

Marc Frederick and Reg Kobzi of CBRE's San Diego office represented the sellers, Carmel Z LLC and Curlan Ltd., in the transaction.

"CBRE assisted the seller in acquiring a neighboring property and then marketed the assemblage for sale to a developer," said Mr. Fredericks. "The property's location facing the freeway with the university district behind the site makes it a key piece in the ongoing redevelopment of the area."

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