Solana Beach, Calif. – November 12th, 2024 – Capstone Advisors — a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California — adds the iconic Solana Beach Beachwalk Shopping Center to its ownership collection. Capstone Advisors acquired the 55,580 sq ft. property from GEM Realty Capital, which had owned the shopping center since April 2017. The $32.1 million purchase of the retail center, located at 437 S. Highway 101, officially closed on Oct. 29.

Located on the Pacific Coast Highway in the highly desirable coastal neighborhood of Solana Beach where home values exceed $2 million, Beachwalk Shopping Center is one block from the ocean and is near the Solana Beach border with Del Mar. The property is easily accessible from some of the most desirable communities in San Diego County and is close to the Del Mar Racetrack, Del Mar Fairgrounds and Cedros Design District. The center is a prime destination for both local San Diegans and the many visitors who regularly visit the area. Read Full Feature