Filipo Tommasa LP Purchases Land From Zamani Trust For $1.75 Million In San Diego

The transaction involved a 14,000-square-foot development site located at 6505 El Cajon Boulevard in San Diego, which was sold for $1,750,000. The market for this asset is San Diego, highlighting its potential for redevelopment into multifamily housing near San Diego State University.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $1,750,000
• Units: 14,000
• Price Per Unit: $125
• Buyer: Filipo Tommasa LP
• Seller: Zamani Trust
• Buyer’s Representative: John Smith, Joseph Smith & Ramin Salehi - CBRE
• Seller’s Representative: Aaron Bove - Marcus & Millichap

CBRE facilitated the sale of this property, which demonstrated a significant investment opportunity in a growing area. Aaron Bove from Marcus & Millichap represented the seller throughout the transaction process.