Unique Mixed-Use Property in Rancho Santa Fe Trades Hands
A 4.7k sf, mixed-use building in Rancho Santa Fe was acquired by Nature's Fusion Glow LLC. The property, located at 6012 Paseo Delicias in the heart of the Village of Rancho Santa Fe, consists of office, retail and residential uses.
The seller was Paseo Delicias LLC, aka The Clotfelter Family, a longstanding family of "The Ranch". This was the first time the property was ever made available for sale since the family has owned and built it in the mid 1940s. The multi-tenant asset is fully leased to a diverse tenant mix that includes Willis Allen Company, a residential real estate firm.
Peter Curry, Kevin Cuff and Brooks Campbell with Cushman & Wakefield represented both parties in the sale.
"This property is sewn into the history of Rancho Santa Fe and signifies a true irreplaceable asset along Paseo Delicias – the main street in The Village," said Curry. "This sale allows the new owner to be a part of a generational asset, while writing the next chapter in Rancho Santa Fe's storied history."
The Clotfelter's, Reg and Connie, moved to Rancho Santa Fe in 1931 and are one of the original families in the area who have continuously lived in "The Ranch". In the mid 1940s, Reg started his own real estate business and purchased the land on which, in the late 1940s, he built and occupied half of the street frontage of the Paseo Delicias building. Tom Clotfelter took over the real estate business in the early 1990s and his son Cutter Clotfelter has continued as a real estate broker working for the Willis Allen Company in the building.