SOLD
Marcus & Millichap Sells Plaza Kensington Retail Property In San Diego For $2.38M
4179 Adams Avenue
Retail
3,388 SF
3,388 SF
Sold 102 days ago
Summary
Sale
CALIFORNIA
Retail
3,388 sqft
Marcus & Millichap sold Plaza Kensington in San Diego's Kensington neighborhood for $2.38 million. This retail property, located at 4179 Adams Avenue, spans 3,388 square feet. The sale price per square foot was $702, reflecting strong demand despite a sluggish retail market in San Diego.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,380,000
- Square Footage: 3,388
- Price per Square Foot: $702
- Address: 4179 Adams Avenue, San Diego
- Market: San Diego
The buyer of Plaza Kensington was Paul Kasawdish, representing Kasawdish Property Holdings, LLC. On the other side, Scott Owen, the seller, represented Kensington Office Rentals in this transaction. The deal was facilitated by Nick Totah and Ross Sanchez of Marcus & Millichap, who acted as brokers in the sale.
Paul Kasawdish plans to lease the property short-term before relocating his business, Clem's Bottle House, across the street for a long-term venture.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Ross Sanchez & Nick Totah
DATE: 01/25/2024
ADDRESS: 4179 Adams Avenue
MARKET: San Diego
ASSET TYPE: Retail
BUYER: Paul Kasawdish - Kasawdish Property Holdings, LLC
SELLER: Scott Owen - Kensington Office Rentals
BROKERS: Nick Totah (@Nick.Totah) & Ross Sanchez - Marcus & Millichap (@MarcusMillichapLosAngeles)
SALE PRICE: $2,380,000
SF: 3,388 ~ PPSF: $702
NOTE: Marcus & Millichap sold Plaza Kensington in San Diego's Kensington neighborhood for $2.38 million, reflecting strong demand despite a sluggish retail market. Nick Totah and Ross Sanchez of The Totah Group secured a full-price offer within five days from buyer Paul Kasawdish, who plans to lease the property short-term before relocating his business, Clem's Bottle House, across the street for a long-term venture.View on map
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Address4179 Adams Avenue
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