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SAN DIEGO – A 9,490-square-foot retail building on San Diego’s Coronado Island that is leased to Walgreens has sold to a private California investor for $7.7 million. The building is located at 925 Orange Ave. Walgreens’ agreement features a long-term lease with built-in rental increases and a future landlord recapture right. The institutional seller was represented by Dan Riley and Ben Cherney of CBRE's Private Capital Group – Los Angeles Retail Team. The team also worked with CBRE’s Bill Durslag and Reg Kobzi on this all-cash transaction.