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March 28, 2024
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SAN DIEGO NEWS
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Retail Portfolio in San Diego’s Pacific Beach Sells for $500/sf

3/31/15

A 9.2k sf retail portfolio in San Diego sold for $4.6 mil, or $500/sf. The properties are located at 1036-1038, 1757-1765, and 1775 Garnet, west of I-5 in Pacific Beach.

The sale was unusual as it consisted of five bungalows adjacent to the PB Fish Shop along with an additional parcel several blocks to the west. The new owner will likely consider constructing a mixed-use development on the property at a later point in time.

Kipp Gstettenbauer, CCIM, and Ryan King, in Voit Real Estate Services’ San Diego office represented the buyer, Dayani Partners, and the seller, Garnet Avenue Limited Partnership. The buyer views the property as a stable investment with strong, long-term upside.





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