Marcos Fastlicht Sackler trust paid $7 million for seashore property outside San Diego: Part 1

Aerial photo of 417 and 418 Coast Boulevard South in La Jolla, California (Imagery available from the U.S. Geological Survey).

Mark Fastlicht Y Sackler, Trustee of the Mark Fastlicht Y. Sackler Property Trust dated November 16, 2011, purchased four lots comprising 417 and 418 Coast Boulevard South in La Jolla, California for $7,000,000 in November, 2011. ChedrauiLeaks was unable to find any loans recorded with San Diego County for the purchase, and we believe that the purchase is what is known as a “cash purchase.”

In part 2 of this series, we’ll examine subsequent transfers of title. ChedrauiLeaks previously wrote about Marcos Fastlicht Sackler in connection with his 2017 purchase of another La Jolla condo.

Mark Fastlicht Y Sackler, more commonly known as Marcos Fastlicht Sackler, is a prominent businessman whose daughter, Sharon Fastlicht, is married to Televisa Chairman Emilio Azcárraga Jean.

Documents has noticed that the media in Mexico contains very little information about the business dealings and personal assets in the United States of what could be termed Mexican elites, wealthy business people and politicians. ChedrauiLeaks is not stating that members of the Chedraui family or its businesses had any involvement with this property.