LOS ANGELES, Nov. 12, 2024 – JLL Capital Markets announced today the $32.125 million sale of Beachwalk Shopping Center, a 55,580-square-foot coastal retail property located in Solana Beach, California.

JLL represented the undisclosed Seller in the transaction. Capstone Advisors acquired the property.

Beachwalk is coastal shopping center that features a diverse tenant mix including food and beverage, health and wellness and service-oriented businesses with a strong following in the community.

Located at 437 S Highway 101, Beachwalk offers strategic access to major east/west thoroughfares and serves affluent communities including Del Mar, Encinitas and Rancho Santa Fe. The property benefits from its proximity to popular San Diego destinations such as the Del Mar Racetrack, Del Mar Fairgrounds and Cedros Design District. Solana Beach boasts an average household income exceeding $172,000 and average home values surpassing $2,000,000, underlining the area's desirability and economic strength.

The JLL Investment Sales and Advisory team was led by Managing Directors Geoff Tranchina and Gleb Lvovich and Senior Director Daniel Tyner.

“Coastal retail properties rarely surface in Southern California,” commented Tyner. “The Beachwalk transaction exemplifies the strong investor interest these distinctive assets generate given the strong fundamentals and affluence in coastal San Diego.”

“Beachwalk presented a rare opportunity to acquire a generational coastal real estate asset in one of Southern California's most coveted communities,” added Tranchina. “Its prime location, diverse tenant mix and substantial lease-up potential offered an attractive opportunity for Capstone.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.