Marcus & Millichap Inc.
08/24/2026 | Press release | Distributed by Public on 08/24/2026 16:01
Marcus & Millichap Arranges $8.3M Sale of Two-Property Portfolio in Encinitas, California
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Marcus & Millichap Arranges $8.3M Sale of Two-Property Portfolio in Encinitas, California
August 24, 2026
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ENCINITAS, Calif., Aug. 24, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a two-property portfolio at 548-568 S. Coast Highway 101 and 571 2nd St. in Encinitas, California. The properties sold for a combined $8.3 million.
"Demand for coastal retail hasn't shown any signs of softening despite a challenging market for investors to navigate," said Ross Sanchez, director investments. "A flight to quality is fully underway, with active capital concentrating on the best assets in the best locations. Buyers are still competing for high-quality retail, with both properties receiving multiple offers."
Sanchez and Nick Totah, senior managing director investments, of Marcus & Millichap's San Diego office, had the exclusive listings to market the properties on behalf of the seller, George Charles Gowland Separate Property Trust.
Sanchez and Totah secured and represented both buyers: Adam Robinson of RAF Pacifica Group, who purchased 548-568 S. Coast Highway 101, and local architect Brett Farrow, who purchased 571 2nd St.
The portfolio includes a retail property at 548-568 S. Coast Highway 101 and a retail and office property at 571 2nd St. in Encinitas. The two properties total 12,206 square feet and are located two blocks from the beach in downtown Encinitas. The 5,698-square-foot retail property at 548-568 S. Coast Highway 101 sold for $4.7 million and includes five suites in two adjacent buildings. The 6,508-square-foot retail and office property at 571 2nd St. sold for $3.6 million and includes six suites. Both buyers were attracted to the properties below-market rents and short-term leases, seeing an opportunity to reposition the assets and enhance their long-term value.
"Demand for coastal retail hasn't shown any signs of softening despite a challenging market for investors to navigate," said Ross Sanchez, director investments. "A flight to quality is fully underway, with active capital concentrating on the best assets in the best locations. Buyers are still competing for high-quality retail, with both properties receiving multiple offers."
Sanchez and Nick Totah, senior managing director investments, of Marcus & Millichap's San Diego office, had the exclusive listings to market the properties on behalf of the seller, George Charles Gowland Separate Property Trust.
Sanchez and Totah secured and represented both buyers: Adam Robinson of RAF Pacifica Group, who purchased 548-568 S. Coast Highway 101, and local architect Brett Farrow, who purchased 571 2nd St.
The portfolio includes a retail property at 548-568 S. Coast Highway 101 and a retail and office property at 571 2nd St. in Encinitas. The two properties total 12,206 square feet and are located two blocks from the beach in downtown Encinitas. The 5,698-square-foot retail property at 548-568 S. Coast Highway 101 sold for $4.7 million and includes five suites in two adjacent buildings. The 6,508-square-foot retail and office property at 571 2nd St. sold for $3.6 million and includes six suites. Both buyers were attracted to the properties below-market rents and short-term leases, seeing an opportunity to reposition the assets and enhance their long-term value.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 24, 2026 at 22:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]