DPI Acquires Flags on Mission Shopping Center in San Diego County
Santa Monica, CA, March 7, 2014 – DPI is pleased to add to its portfolio the successful Flags on Mission Shopping Center, a 108,000 square foot center on Mission Avenue adjacent to Interstate 5 in the dense, infill market of Oceanside CA. Anchored by regional grocer El Super and a recently-opened dd’s Discounts store, and currently boasting 100% occupancy, the center offers a full range of daily goods for a dense, predominantly Hispanic trade area of over 75,000 people with average household incomes over $65,000. DPI plans a number of immediate upgrades to the center, and will continue to evaluate the existing tenant mix to strengthen the center. Financing for the acquisition was provided by Resource Real Estate Inc. of El Segundo and was arranged by Century City-based George Smith Partners.
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