Cyrus & Emilia Investments Acquires Mixed-Use Building In San Diego's Gaslamp Quarter For $2.55M | 534-536 5th Avenue | Bill Shrader | Mixed-use | Sale

Summary

Sale

CALIFORNIA

Mixed-use

14,503 sqft

Cyrus & Emilia Investments has purchased the Lincoln Hotel, a mixed-use building in the Gaslamp Quarter of San Diego, for $2.55 million. The property, located at 534-536 5th Ave., consists of El Cabron Restaurant on the ground floor and 41 affordable housing units on the upper levels. The buyer plans to renovate the affordable housing portion of the building.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $2,550,000
Square Footage: 14,503 SF
Price per Square Foot: $176
Address: 534-536 5th Ave, San Diego
Market: San Diego

Bill Shrader from Urban Property Group (UPG) represented the buyer, Cyrus & Emilia Investments, in this deal.

Players

All
2

Agents
1
Agencies
1

Bill Shrader

$2.6M Sold

Urban Property Group

Details

Deal Summary

SOLD

IMAGE: Bill Shrader DATE: 04/28/2023 ADDRESS: 534-536 5th Ave MARKET: San Diego ASSET TYPE: Mixed-use BUYER: Cyrus & Emilia Investments BROKER: Bill Shrader - Urban Property Group SALE PRICE: $2,550,000 SF: 14,503 ~ PPSF: $176 NOTE: Urban Property Group (UPG) has brokered the sale of the Lincoln Hotel, a mixed-use building in the Gaslamp Quarter, for $2.55 million. The property, located at 534-536 5th Ave., features El Cabron Restaurant on the ground floor and 41 affordable housing units above, and the buyer, Cyrus and Emilia Investments, intends to renovate the affordable housing portion of the building.

View on map

Address534-536 5th Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want