Faris Lee Completes $10.2 Million Sale of Commercial Center in Vista, California

Vista, Calif. — The 17,855-square-foot Breeze Hill Commercial Center is fully occupied by eight tenants, half of which are national tenants and half of which are regional.

Faris Lee Investments has completed the $10.2 million sale of Breeze Hill Commercial Center in Vista, California, a city within San Diego County. The 17,855-square-foot retail center is fully occupied by eight tenants, half of which are national tenants including Starbucks, FedEx, Jersey Mike’s and Rubio’s, as well as other regional tenants including Pick Up Stix, Nutrition Zone and Ohana Hawaiian BBQ.

Rick Chichester, president and CEO, and senior managing director Nicholas Coo of Faris Lee Investments represented the seller, Breeze Hill Commercial Center LLC. The Los Angeles-based 1031 exchange buyer, Gershman Properties, was represented by David Lachoff of Newmark Knight Grubb Frank. The closing cap rate was 5.35 percent. Breeze Hill was built in 2001 and is situated on 2.57 acres. 

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