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Sunday, May 19, 2024
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Capstone Advisors Sells Land and Restaurant

 

Capstone Advisors based in Carlsbad has sold a development site in La Quinta and a drive-through restaurant in Phoenix.

The 60 finished lots of Piazza Serena were sold for $9 million to Richman American Homes.

Lot size average one quarter acre.

The property is on the west side of Monroe Street south of Airport Boulevard.

The Phoenix drive-through restaurant, Salad and Go, 4716 E. Ray Road, was sold for $3.7 million. The buyer was not disclosed.

Capstone Advisors was represented by Marc Kleiman of Province West in the Piazza Serena transaction.

Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone Advisors in the restaurant sale.

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