SALE DETAILS:
Address:
3831-3833 41St St, San Diego, CA 92105 & 5337-5347 Meade Ave, San Diego, CA 92115
APN:
454-7730-08-00 & 4720-041-11-00
Seller Representation: Pacific Coast Commercial
Broker Rep: Vince Provenzano, President of Brokerage & Robert Phillips, CEO
Buyer Representation: Pacific Coast Commercial
Broker Rep: Jan Sachs, Broker Associate, Multifamily & Investment Sales
Property Type: Multi-Unit Residential Complex
Square Footage: 41St Street: ± 6,746 SF | Meade Ave: ± 3,863 SF
Sale Price: $1,525,000 (Total Sale Price)
Close of Escrow Date: April 23, 2020
Seller Name: Carolina M. Rios Trust
Buyer Name: Asaf Presente & Juan Pedro Garcia / Claudia Cecilia Garcia
Escrow Company: Granite Escrow & Settlement Services, Lynn Yockey
Title Company: Ticor Title, Tonya Courtney
Additional Property Information:
Pacific Coast Commercial is pleased to announce the sale of a 2-property portfolio of eight residential units located in City Heights, a unique neighborhood in central San Diego. The buyers had a rare opportunity to close escrow on these Value-Add properties during this time of Covid 19 even with the challenges of walk-throughs and inspections.
“We have clients that want to continue to build their real estate holdings no matter what the short-term obstacles may be”, stated Vince Provenzano. “The buyers have visions to improve and increase rents, and the seller will be executing a 1031 exchange up-leg purchase. The fact that the IRS has extended the Identification period to July 15, 2020, allows us to take a breath and find the right investment”.
Contact Agents Today! (619) 469-3600
Vince Provenzano
President of Brokerage
Lic. 00780182
Robert Phillips
President/CEO
Lic. 00706262
Jan Sachs
Broker Associate, Multifamily & Investment Sales
Lic. 01964760
10721 Treena St, Suite 200 | San Diego, CA 92131
Lic. 01209930
If you are currently being represented, it is not our intention to solicit clients of other Brokers.
Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San Diego, San Diego Commercial Real Estate Real Estate Agent Contact Us Brokerage, Property Management
Kommentarer