Private Investor Acquires Mixed-Use Property At 643-665 5th Avenue In San Diego For $12.5M

A private investor has acquired a mixed-use property located at 643-665 5th Avenue in San Diego’s Gaslamp Quarter. The property spans 17,365 square feet and was sold for $12.5 million, translating to approximately $720 per square foot.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,500,000
• Square Footage: 17,365
• Price per Square Foot: $720
• Seller: Terry S. Brown - Asana Partners
• Broker Representation: Jimmy Slusher, James Tyrrell & Michael Peterson - CBRE
• Date of Transaction: 01/01/2026

The sale was managed by CBRE brokers Jimmy Slusher, James Tyrrell, and Michael Peterson, representing the seller, a company affiliated with Asana Partners. The transaction price was noted to be 36% below the asset’s original listing price.