E Point Perfect – Interesting and beneficial content

Investor Buys Barrio Logan Parcel for $5 Million, Plans to Build 70 Apartments on Site


Barrio Logan sign. Photo by Chris Stone
Barrio Logan sign. Photo by Chris Stone

A nearly 35,000-square-foot plot of land in Barrio Logan earmarked for housing has been sold for $5 million, according to a commercial broker.

Aaron Bove, a senior vice president in Marcus & Millichap’s San Diego Del Mar office, represented the seller, an individual/personal trust. He also represented the buyer, a limited liability company.

The investor intends to build around 70 “modern” multi-family apartment units on the land, at 1741 Newton Ave., near Chicano Park. The site would include workspace on the ground floor.

Marcus & Millichap, a commercial real estate brokerage firm, offers investment sales, financing, research and advisory services.


Source link

Related posts

Fundraiser for Former San Diego Police Officer Darnell Calhoun Passes $150K

Olympic Gold Medalist Kim Graham-Miller to Take Over As UCSD Track Head Coach

USC Study Finds New SHMOOSE Microprotein Connected to Alzheimer’s Risk

Blind Soccer National Team Named After Chula Vista Camp, Including Local Gold Medalist David Brown

Passenger Falls Out of Car on I-8 in La Mesa, Fatally Struck by Tractor-Trailer

USS Abraham Lincoln and its Strike Group Return from 7-Month Deployment