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Paradise Valley Shopping Center Sold

Retail Center Sells for $6.75 Million
By James Navarro
April 14, 2003 | 7:47 P.M.

S.G. Paradise Valley Inc. purchased the 39,414-square-foot retail center located at 6905-6925 Paradise Valley Road in the Spring Valley region of San Diego. The high population neighborhood center was built in 1988 and is one of only two retail centers servicing the trade area. The major tenants in this center are McDonald's, Blockbuster Video, and Fresenius. The buyer agreed to purchase the retail center for $6.75 million, approximately $171.25 per square foot. Greg Albertini and Chuck Wasker of IPC Commercial Real Estate/TCN represented both the buyer and the seller, Hannon Enterprises.

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