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San Clemente, Calif. — Marcus & Millichap has brokered the $8.9 million sale of 2727 Via Cascadita, a 24,933-square-foot retail center located in San Clemente. The California Department of Motor Vehicles anchors the property, occupying more than 32 percent of the center. An adjacent undeveloped portion of the parcel is also available for up to 10,000 square feet of future construction. Situated near the Outlets at San Clemente, the center sits on 2.8 acres.
Tony Azzi and Rabbie Banafsheha of The Azzi Group, a division of Marcus & Millichap, represented the seller, an entity doing business as Casual Cascade De LLC, and procured the all-cash buyer, Space Investment Partners LLC, in the transaction.