Brixton Capital has recently acquired the prestigious Polo Plaza, a mixed-use property in Del Mar spanning over 63,000 square feet. The property was purchased for $18.5 million from Lincoln Property Company and ASB Investment Management.
Polo Plaza is situated at 3702 and 3790 Villa De La Valle and boasts a diverse mix of office spaces and retail outlets. Its prime location across from Surf Sports Park makes it an attractive investment opportunity for Brixton Capital as it sits between two affluent communities – Del Mar and Rancho Santa Fe.
According to Dan Sutherland, managing director of investments at Brixton, this acquisition presents a rare chance to own an iconic property in the upscale coastal region of Del Mar. With its strategic position just off Interstate 5 near thriving business districts and major technology companies in San Diego, Polo Plaza holds immense potential for growth.
The sellers were represented by Rick Reeder of Newmark while Brixton Capital handled their own representation during the transaction process. As part of their plans for Polo Plaza’s future development, Brixton intends to enhance its facade along with common areas while also working towards fully leasing out the remaining space which currently stands at around 30%.
This recent acquisition by Brixton marks another milestone in their portfolio expansion strategy as they continue to invest in high-value properties like Polo Plaza that offer significant opportunities for growth within desirable locations such as Del Mar.
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