MDA Mission Ave One LLC of Rancho Santa Fe has purchased a three-building retail center in Escondido for $10.3 million, according to CoStar Group and public data.
The seller of the property, at 645, 649 and 715 W. Mission Ave., was Hypericum Companies of Los Angeles. Jeff Hauber, Edward Hanley and Jon Selznick, of brokerage company Hanley Investment Group, represented the buyer and seller.
The buildings were constructed in 1977 and 1987. The 645 and 715 buildings were fully occupied at the time of sale, and the 649 building was approximately 27 percent occupied.