San Diego Business Journal

Oceanside Retail Building Sells for $6.2 Million

Friday, November 8, 2013

Encin Real Estate of La Jolla has purchased an Oceanside retail building, which includes a McDonald’s restaurant, for approximately $6.2 million.

The seller of the property, on 1.6 acres at 185 Old Grove Road, was Janmi Oceanside LLC, according to a statement from brokerage services provider Colliers International.

Colliers represented the seller, and Capital Growth Properties represented the buyer. McDonald’s has a master ground lease at the property with eight years remaining.

— SDBJ Staff Report