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Flex building at Fifth and Hawthorn sold

The multilevel, multitenant 13,500-square-foot flex office/retail building in the Park West neighborhood at 2121 Fifth Ave., San Diego 92101, has been sold for $1.9 million, cash.

The buyer was Vincent Meardon, 1465 Neptune Ave., Encinitas 92024.

The seller of the property (assessor's parcel 533-203-08) was Loechler LLC, a California limited liability company, with Alma Loechler manager.

Ben Tashakorian and Nick Totah, investment specialists in Marcus & Millichap's San Diego office, had the exclusive listing to market the property for the seller and also represented the buyer.

The two-story building was constructed in 1980 on a 10,000-square-foot corner lot at Fifth and Hawthorn Street. The property is currently 57 percent occupied.

The multilevel, multitenant 13,500-square-foot flex office/retail building in the Park West neighborhood at 2121 Fifth Ave., San Diego 92101, has been sold for $1.9 million, cash.

Approximately 65 percent of the property has been remodeled, according to John Vorsheck, regional manager of M&M's San Diego office.

The building consists of top floor office space, approximately 3,200 square feet of ground floor retail space and a subterranean parking ratio of 1/1000.

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