SOLD
CRP Affordable Housing Acquires Development Site In San Diego For $8.5M
1601 University Avenue
Development Site
18,828 SF
18,828 SF
Sold 127 days ago
Summary
Sale
CALIFORNIA
Development Site
18,828 sqft
A development site located at 1601 University Avenue in San Diego has recently been sold in a closed transaction. The property, with a size of 18,828 square feet, was sold for an amount of $8,500,000, resulting in a price per square foot of $451. The transaction took place on November 28, 2023.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,500,000
- Address: 1601 University Avenue, San Diego
- Market: San Diego
CRP Affordable Housing acted as the buyer in this transaction, while the seller was Davis Family Trust - Bob and Linda Davis. The buyer's representative in the deal was Alberto J. Guardado from Real Estate Collective Group. On the other hand, the seller was represented by Nick Totah and Ross Sanchez from Marcus & Millichap.
Players
Details
SOLD
IMAGE: Ross Sanchez, Nick Totah & Alberto J Guardado
DATE: 11/28/2023
ADDRESS: 1601 University Avenue
MARKET: San Diego
ASSET TYPE: Development Site
BUYER: CRP Affordable Housing
SELLER: Davis Family Trust - Bob and Linda Davis
BUYER'S REP: Alberto J. Guardado (@DirectorBerto) - Real Estate Collective Group
SELLER'S REP: Nick Totah (@Nick.Totah) & Ross Sanchez (@TheRozay) - Marcus & Millichap (@MarcusMillichapinc), (@TheTotahGroup)
ASKING PRICE: $8,500,000
SALE PRICE: $8,500,000
SF: 18,828 ~ PPSF: $451View on map
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Address1601 University Avenue
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