Cohn Affiliate Buys Coaster Saloon Property in Mission Beach for $2.1 Million - NBC 7 San Diego
Ignite San Diego

Ignite San Diego

Local business spotlight

Cohn Affiliate Buys Coaster Saloon Property in Mission Beach for $2.1 Million

The bar and restaurant in Mission Beach has been operated by father-son team John and Darren Renna since 1982



    USDA: Washing Raw Chicken Puts You at Risk for Illness
    Photo courtesy of Franco Realty Group
    A look at the Coaster Saloon, courtesy of Franco Realty Group.

    An affiliate of San Diego’s Cohn Restaurant Group Inc., led by co-founder and President David Cohn, has acquired the mixed-use Mission Beach building currently housing The Coaster Saloon for $2.1 million, according to The Franco Realty Group.

    The sellers were John and Darren Renna, a father-and-son duo who have operated the bar and restaurant at 744-748 Ventura Place since 1982. Brokers said the property buyer, recorded as Davies LLC, also acquired the business itself for an undisclosed price, with plans to continue operating it as The Coaster Saloon for now.

    A statement from Franco Realty Group said the transactions included the property’s three upstairs apartment units and the Coaster’s alcohol and entertainment licenses. The sellers, who received “numerous offers” from various restaurant operators, were represented by Franco Realty’s Tony Franco, Cody Wippel, Joe Rote and Joseph Medina.

    Brokers said this was the first commercial property sold on Ventura Place in more than a decade.

    Cohn Restaurant Group, started in 1981 by David and wife Lesley Cohn, operates more than 20 Southern California restaurants under numerous concepts, including Coasterra, Corvette Diner, BO-beau, Vintana, Coin Haus and Draft Republic.

     Additional stories from the San Diego Business Journal are available here. Sign up for their free daily email newsletter.

    Get the latest from NBC 7 San Diego anywhere, anytime

    • Download the App

      Available for IOS and Android