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12/07/16
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A 6k sf, freestanding retail property in the Little Italy area of downtown San Diego traded hands for $3.15 mil, or $525/sf. The property, located at 2305-2317 India St, was purchased by a locally-based entity, India and Juniper LLC.
2305-2317 India Street was constructed in 1935 and features a charming exterior with custom store fronts. The property was fully occupied at the time of sale.
Bill Shrader, David Maxwell and Joe Brady of Colliers International San Diego Region’s Urban Property Group represented the buyer and the seller, a San Diego-based private trust.
“Little Italy continues to be a booming neighborhood for retail investments and the new ownership obtained a unique property with significant upside potential,” said Shrader.
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