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Golden Balboa LLC Acquires Mixed-Use Property At 2445 Fifth Avenue San Diego For $16.4M

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SOLD
$16,400,000
Ross Sanchez
Nicholas (Nick) Totah

California

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Mixed-use42,363 SF
Sold
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Property Image
SOLD

Golden Balboa LLC Acquires Mixed-Use Property At 2445 Fifth Avenue San Diego For $16.4M

2445 Fifth Avenue

See Similar Deals
Mixed-use42,363 SF
Sold
Ross Sanchez
Nicholas (Nick) Totah
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$387
Total Square Footage:42363 SF
Transaction Type:Sale

The Laurel at Balboa is a 42,363-sf mixed-use property located at 2445 Fifth Avenue in San Diego’s Bankers Hill. The property was sold for $16.4 million, reflecting a price per square foot of $387.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $16,400,000
  • Address: 2445 Fifth Avenue
  • Market: San Diego
  • Square Footage: 42,363
  • Price per Square Foot: $387
  • Buyer: Golden Balboa LLC
  • Seller: Grady Development & Fifth & Laurel Associates
  • Brokers: Ross Sanchez & Nick Totah - Marcus & Millichap

Marcus & Millichap’s Ross Sanchez and Nick Totah facilitated the transaction by representing the seller and procuring the buyer. The property is noted to be 92% leased, featuring ground-floor retail anchored by CUCINA Urbana and three levels of office space.

Players

Nicholas (Nick) Totah
Marcus & Millichap
Nicholas Totah
20 deals$137.6M volume(858) 373-3159
BROKER
Ross Sanchez
Marcus & Millichap
Ross Sanchez
17 deals$123.6M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Ross Sanchez & Nick Totah DATE: 07/07/2025 ADDRESS: 2445 Fifth Avenue MARKET: San Diego ASSET TYPE: Mixed-use BUYER: Golden Balboa LLC SELLER: Grady Development & Fifth & Laurel Associates BROKERS: Ross Sanchez & Nick Totah (@Nick.Totah) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $16,400,000 SF: 42,363 ~ PPSF: $387 NOTE: Golden Balboa LLC purchased The Laurel at Balboa, a 42,363-sf mixed-use property at 2445 Fifth Ave. in San Diego’s Bankers Hill, for $16.4M from Grady Development and Fifth & Laurel Associates.Marcus & Millichap’s Ross Sanchez and Nick Totah represented the seller and procured the buyer; the 92%-leased property includes ground-floor retail anchored by CUCINA Urbana and three levels of office space.

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