San Diego Firm Buys Miramar Retail Center for $12.5 MillionTuesday, April 15, 2014
HP Investors LLC of San Diego has purchased Miramar Square Shopping Center, in the city’s Miramar neighborhood, for approximately $12.5 million.
The seller of the 70,959 square-foot property was an investment group advised by Sentre Partners, according to Flocke & Avoyer Commercial Real Estate, which represented the buyer.
The center is located at 9212-9292 Miramar Road, with tenants including Arizona Tile, Wells Fargo, Pacific Marine Credit Union and Enterprise Car Rental. The purchase marked HP Investors’ fifth acquisition in the last 12 months, said company Principal Sumeet Parekh.
Chris Carter of Flocke & Avoyer represented the buyer, and the real estate services company’s Matt Peckham, Brad Williams, Steve Avoyer and Carter co-represented the seller. The seller was also represented by Doug Arthur and Jim Hamilton of Sentre Partners.
The center was built on 6.7 acres in 1987, according to CoStar Group and public data.