Plaza Rancho Del Oro

Location: Oceanside, CA
Type: Retail
Price: $19,420,000

SMC has provided a $19,420,000 ten-year fixed rate loan on a 65,054 SF shopping center located in Oceanside, California, approximately 40 miles north of San Diego and 75 miles south of Los Angeles. The Property is at the northeast corner of Oceanside Blvd (31,582 VPD) and College Blvd (31,752 VPD) and is adjacent to a 43,670 SF corporate-owned Albertson’s grocery store. The surrounding area is predominately comprised of single family homes with various commercial developments and business parks. The Rancho Del Oro Community has very few developable commercial sites remaining and the neighborhood boasts strong demographics with a population of 143,108 and 311,273 and an average household income of $83,871 and $89,081 within a 3- and 5-mile radius, respectively.