SAN DIEGO, CA - Colliers International San Diego Region announces the sale of a retail and residential mixed-use property totaling 12,398 square feet and located in San Diego’s South Park neighborhood for $5,519,000.
Bill Shrader, Joe Brady and Amy McNamara of Colliers International’s Urban Property Team represented the seller, UBS Properties, LP. Brady and McNamara alongside Colliers International’s Ryan Foley also represented the buyer, Midwest Investment Properties, LLC.
“San Diego’s urban neighborhoods continue to be a hotspot for investors,” said Shrader. “This property has been under the same family ownership for more than 70 years and provided a rare opportunity to acquire a well-located property that is home to some of San Diego’s best-known culinary and craft beer experiences.”
The property includes nine residential units and three retail spaces. The retail spaces are currently occupied by Hamilton’s Tavern, South Park Brewing Co. and KINDRED, all of which will remain open under the new ownership. The 14,447-square foot parcel is located at 3006-3020 Beech Street, San Diego, CA.
About Colliers International Group Inc. Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning approximately 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.