Polo Plaza, a pair of mixed-use buildings across from the Del Mar Polo Fields, has been acquired by LPC West from an undisclosed seller for $27.5 million.
The two story project at 3702 and 3790 Via De La Valle has a combined space of 57,253 square feet.
Ben Tashakorian and Bradley Peters of Marcus and Millichap represented the seller and LPC represented itself.
“We see enormous potential to fulfill the prestige and prominence of this property,” said Brig Black, executive vice president of LPC West in Southern California, noting that the location is between Del Mar and Rancho Santa Fe.
“Occupying a well-traveled corridor between two of San Diego’s most prosperous towns positions Polo Plaza to become a more coveted destination for business, dining and shopping,” Black said.
LPC West plans to paint and renovate the buildings with a monument sign, exterior lighting, new landscaping and parking lot upgrades.
The company also will add a café offering coffee, breakfast and lunch.
Polo Plaza is 92 percent occupied.