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Deal of the Week - Sale

Little Italy property to be renovated

Victor Krebs and Rob Morgan, of Colliers International, represented the seller in the Deal of the Week.

The deal was the sale of a three-building complex in Little Italy, at 2228 and 2266 Kettner Blvd. and 925 W. Juniper St., San Diego for $3,022,650. The buyer was Wonderhaus L.P., with Graham Downes as the partner. Downes is founder of the architectural design firm Graham Downes Architecture Inc. The seller of the property was GTF Properties, with Gordon T. Frost Jr. as the general partner.

The two-story 2228 Kettner warehouse (bottom) totals 8,037 square feet on an approximately 17,498-square-foot parcel. The 2266 Kettner building (top right) is approximately 1,792 square feet on a 10,000 square foot parcel. The 925 W. Juniper warehouse (top left) is approximately 4,985 square feet on a 7,500-square-foot parcel. The total property consists of 35,000 square feet of land, with 14,814 square feet of industrial buildings. The new ownership plans to renovate the property for office and retail uses.

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