Sentre Expands San Diego Portfolio With San Marcos Village

The investor purchased the neighborhood retail center in San Diego for $19 million.

Investor Sentre has expanded its portfolio with the purchase of San Marcos Village, a neighborhood retail center, for $19 million. The property was 92% leased to a collection of internet-resistant tenants including: Grocery Outlet, 99 Cents Only Store and AutoZone.

Sentre secured an $11.64 million, seven-year fixed-rate loan through a regional bank to fund the acquisition. Scott Peterson, Bill Chiles, Brian Cruz and Morgon Fraser of CBRE’s San Diego Debt & Structured Finance team arranged the financing.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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