The two-story, approximately 5,434-square-foot mixed-use building in the Marina District at 629-633 Kettner Blvd., San Diego 92101, has been sold for $1.75 million, cash, or $322-square-foot.
The buyer was Kettner Investments II LLC, a California limited liability company, c/o Anthony Buono, 13511 Orchard Gate Road, Poway 92064.
The sellers of the property (assessor's parcel 535-700-12) were Rodney Masri and D. Michelle Pheffer.
CBRE's Paul Lafrenz and Melissa Foster represented the seller. Jim Rinehart, also of CBRE (NYSE: CBG), represented the buyer.
The fully occupied building has restaurant space on the ground floor leased to The Lion's Share, a neighborhood bar and restaurant, and residential space on the second floor.
The above property and the adjacent building at 639 Kettner (535-700-11) were sold in October 2009 out of foreclosure for $1,225,000, with Borrego Springs Bank financing of $1,079,000.
Located in downtown San Diego the property is surrounded by high-end residential towers, hotels and shopping, and is within walking distance to the San Diego Bay, Seaport Village and several parks.
The two-story, approximately 5,434-square-foot mixed-use building in the Marina District at 629-633 Kettner Blvd., San Diego 92101, has been sold for $1.75 million, cash.
Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.
SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.
All contents herein copyright San Diego Source ® 1994-2015