Boardwalk Development - San Diego, CA
Boardwalk Development, Inc. and Institutional Property Advisors brokered the sale of the 3.81-acre La Paz Village center, located in Laguna Hills, for the purchase price of $23.5M. The center was sold by SouthCo JV Shipston Group and purchased by Cape Point Development. The center was sold as a value add opportunity. Parcels consisted of a 711 pad, Hot Off the Grill (drive thru), Ironwood and Cecilia's Tortilla Grill (pad building), and the two story shopping center set back off La Paz Road.
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