A strip mall in the College Area has been sold for almost $4.22 million, according to a commercial broker.
The property, a fully occupied, 19,120-square-foot center near San Diego’s border with La Mesa, is located at 7149-7151 El Cajon Blvd.
Commercial Asset Advisors principals Mike Conger and Brian Jenkins represented the buyer, SCOS, L.P. Robert Wyse of Wyse Properties represented the seller, College Plaza, LLC.
“Our buyer was pleased to acquire an asset in a gentrifying and growing area, with stable cash flow,” Conger said.
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that serves individual private clients, as well as family offices and corporate, institutional, nonprofit and national organizations.