The 2,376-square-foot, freestanding, retail building on a corner lot in North Park at 3152 University Ave., San Diego 92104, has been sold for $2,395,000, cash.
The buyer was 110 San Diego LLC, c/o Kennerly Lamishaw & Rossi LLP, 707 Wilshire Blvd., Suite 1400, Los Angeles 90017, Attn: J. David Hitchcock.
The sellers of the property (assessor's parcel 446-432-27) were C&C University LLC (50 percent), Stephen Coles (25 percent) and George Coles (25 percent).
The building was constructed in 1979 on a 10,500-square-foot lot.
In April 2012, the property was sold for $1,075,000, with financing of $1,095,000 from California Bank & Trust.
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Really?? $230 per square foot of land in North Park? Somebody overpaid on this!
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