The 1102-1108 Morena Blvd property, strategically positioned in a highly sought-after location, has long been recognized as an attractive investment opportunity. Its proximity to major transportation routes, commercial centers, and residential neighborhoods has made it an ideal asset for potential buyers seeking premium real estate opportunities.
"According to Jason Vieira, Senior Advisor at Pacific Coast Commercial, the property at 1102-1108 Morena Blvd stood out as an exceptional freestanding asset, attracting a multitude of offers. The noteworthy premium it commanded stands as a testament to the unwavering stability and promising growth trajectory of the Morena submarket."
"We are proud to have successfully closed the sale of 1102-1108 Morena Blvd," said Tommas Golia, Director of Brokerage at Pacific Coast Commercial. "This transaction is a testament to our commitment to delivering value to our investors and stakeholders while maintaining a strong and diverse real estate portfolio."
The successful owner/user sale of this property further exemplifies Pacific Coast Commercials’ commitment to delivering exceptional value to its investors and clients. Leveraging its extensive experience in the real estate market, the company diligently managed the sales process to secure the best possible outcome for all.
Address: 1102-1108 Morena Blvd., San Diego, CA 92110
Seller Representation: Pacific Coast Commercial
Buyer Agent: Tommas Golia, Jason Vieira & Colton Speas
Buyer Representation: Colliers International
Buyer Agent: Justin Harvey
Property Type: Retail/Flex Commercial Building
Square Footage: Approx. 6,000 SF
Sale Price: $2,650,000
Close of Escrow Date: 07/31/2023
Seller Name: V8 Holdings Limited Liability Company
Buyer Name: Kilowatt Events Inc.
Escrow Company: Stewart Title Guaranty Company - Commercial Services
Title Company: Stewart Title Guaranty Company - Commercial Services
Financing: Merri Adams – TMC Financing
Senior Advisor - Sales & Leasing
Tommas Golia, CCIM
Director of Brokerage
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