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9/23/14
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A 1.54-acre parcel of land in San Diego sold for $7.7 mil. The site is located at 2030 El Cajon Blvd, just east of Park Blvd in the city’s University Heights area.
The buyer plans to develop an upscale, mixed-use apartment project on the site, which was fully entitled by the seller for up to 180 units. Victor Krebs and Gunder Creager of Colliers International handled the transaction. The seller was AmProp North Park LLC and the buyer was TR Hale LLC.
“North Park is seeing significant interest from developers looking for high-quality infill sites, especially entitled sites of this scale” said Victor Krebs, Senior Vice President of Colliers International.
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