Oceanside Retail Center Sold for $12.6MSunday, March 30, 2014
Doerken Properties Inc. of Santa Monica has purchased the Flags on Mission Shopping Center in Oceanside for $12.6 million, according to brokerage company Lee & Associates, which represented the buyer and seller.
The seller of the 107,600-square-foot center, on 10.7 acres at 1527 Mission Ave., was Mission Avenue Investors. The transaction was handled by Marc Dudzik and Bo Havlik, principals in the Carlsbad office of Lee & Associates.
Brokers said the shopping center caters to the nearby Hispanic community, with tenants including grocer El Super and clothing retailer dd’s Discounts.