REBusinessOnline

Brixton Capital Purchases Former Police Station in California for $4.2M

Fletcher-Marketplace-El-Cajon-CA

Located in El Cajon, Calif., Fletcher Marketplace will feature a 16,000-square-foot retail space and a 60,000-square-foot hotel.

EL CAJON, CALIF. — Brixton Capital has acquired the former El Cajon Police Station, located at 100 Fletcher Parkway in El Cajon, for $4.2 million. The seller was the City of El Cajon.

The buyer plans to transform the 4.1-acre site in Fletcher Marketplace, a mixed-use project comprising approximately 16,000 square feet of retail space and a 60,000-square-foot hotel. Brixton will sell 1.4 acres of the site to Excel Hotel Group, which will handle the hotel development portion of the project.

The retail center is 99 percent pre-leased to a variety of tenants, including In-and-Out, Blaze Pizza, California Fish Grill, Urbane Café and Mattress Firm. Dempsey Construction is serving as contractor for the retail development.

Don Moser and Matt Moser of Retail Insite represented the buyer and seller in the transaction.

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