| Greetings, Friends! |
| Summer has fallen into the new holiday season with Halloween quickly approaching and the Thanksgiving turkey peeking from around the corner. We hope you savor the slight change in seasons that Southern California has to offer. As always, with great fervor, our team has been working away, doing what we do best: bringing you the hottest in restaurant, retail, and commercial property investment sales! Take a moment to pause, as we share with you our latest successes. Happy reading, friends! |
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Del Sur Town Center
Camino Del Sur & Paseo Del Sur, San Diego, CA 92127
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Anchored by a 143,000 SF Target and Sprouts Grocery with 67,000 SF of retail |
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Target now open and Burger Lounge coming soon |
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Established affluent community of more than 10,000 homes within 3 miles |
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Average household income of $142,289 |
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Daytime population of 57,197 within 5 miles |
| Restaurant Spaces Available:
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Bldg. A, Space 125 – 3,330 SF + Patio |
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Bldg. B, Space 105 – 3,400 SF + Patio |
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Bldg. D, Space 105 – 1,501 SF + Patio |
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Bldg. D, Space 125 – 3,256 SF + Patio |
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Michael Spilky
(858) 792-5521
Email |
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| 3780 Park Blvd., San Diego, CA 92103 |
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We are pleased to announce the recent sale of The Flame building, a single story street retail property in the urban community of University Heights/Hillcrest on Park Boulevard. Selling for $1,900,000, the purchase included the real estate, liquor license, and other personal property. The total building area is 7,800 square feet and sits on a 6,098 square foot lot. The Buyer intends on developing the property into a mixed-use project adding 6 apartment units and a central courtyard. Mike Spilky represented both the seller and buyer in the sales transaction. Paul Ahern has been retained by the buyer to help facilitate the leasing of the remaining bar/lounge space.
Read the Eater article →
Read the San Diego Uptown News article →
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| 3048 Midway Drive, San Diego, CA 92110 |
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| We are proud to announce the sale of 3048 Midway Drive in Point Loma. The building has been commonly known for live music shows, most recently, housed by the Shakedown Bar, a punk rock live music venue that closed its doors in late 2014. The property consists of a 1,667 square foot building situated on a 6,534 square foot parcel. Paul Ahern represented the Buyer – Banzai, LLC; and the Seller, Suzanne Webb-Rees represented themselves. We will keep you updated on what the new owners have in store for the building.
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| Burger Lounge – Del Sur Town Center |
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Congrats to Burger Lounge on signing their 19th lease deal! Del Sur Town Center is the lucky recipient of a Burger Lounge restaurant which is slated to open Q1 2016. Anchored by a 143,000 SF Target, the new lifestyle shopping center is right off of the 56 Freeway and has 10,000 homes within a 3 mile radius, making it a desirable location for the grass-fed burger chain. Mike Spilky represented the tenant and Emily Jones with Shea Properties represented the landlord.
burgerlounge.com →
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| Avila’s El Ranchito Mexican Restaurant – 209 Main Street, Seal Beach, CA |
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Orange County based Mexican restaurant, Avila’s El Ranchito, continues their coastal expansion, opening their 12th location in Seal Beach. Founded in 1966 with the original Avila’s in Huntington Park, they now have locations in Corona Del Mar, Laguna Beach, Newport Beach, and San Clemente, just to name a few. Salvador and Margarita Avila brought their recipes over from Guanajuato, Mexico over 40 years ago, allowing them to serve up some of Southern California’s most authentic Mexican cuisine to date. Mike Spilky represented the landlord and tenant in this transaction.
avilaselranchito.com →
Read the Orange County Business Journal article →
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| The Brew Project – 3683 5th Avenue, San Diego, CA 92103 |
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Craft Beer lovers have a reason to celebrate and drink more beer! The Brew Project House opened this month in the former R Gang restaurant space on 5th Avenue in Hillcrest. The new craft beer full service restaurant is a San Diego brewery tour under one roof, offering 26 local craft beers on tap while serving up shareable plates, salads, sandwiches and more. Football fans, be sure to check out their 70” screen TV! Mike Spilky represented the seller and James Langley with Schwartz Commercial Realty represented the buyer in this transaction.
thebrewproject.com →
Read the article on eater.com → |
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Mike Spilky turned a year younger this month! Our team surprised him with a birthday luncheon at one of his favorite hangouts, Rancho Valencia, in Rancho Santa Fe. We couldn’t have asked for a more beautiful day to celebrate the occasion. Happy Birthday, Mike!
ranchovalencia.com → |
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| Report: Casual dining leads September sales comeback |
A later-than-usual Labor Day generated higher sales and traffic at casual-dining restaurants in September, according to the latest MillerPulse survey.…
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| Restaurant Business magazine ranks the top-grossing independent restaurants in America |
Restaurant Business’ 2015 Top 100 Independents ranking spotlights the country’s top-grossing restaurants with no more than five locations…
Read more →
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Location Matters
2010 Jimmy Durante Blvd., Ste 205, Del Mar, CA 92014
(858) 792-5521
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