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.