Sand City Holdings Acquires 25,000 SQFT Shops at Edgewater for $9.45MM in Sand City, 36% Below 2014 Price
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed retail deal value tracked in September 2026: $5.7B across 97 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
A private investor group paid $9.45 million for a fully leased 25,223-square-foot building inside the Edgewater on Monterey Bay shopping center, about 36 percent less than the same property sold for in 2014, even thou…
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