A 7,570-square-foot retail and office building in Barrio Logan has sold for $2.85 million, a real estate brokerage announced.
Nick Totah, first vice president of investments at Marcus and Millichapand Ross Sanchez, senior associate of the Totah Group in Marcus & Millichap’s San Diego downtown office, represented the seller, Plantanos Verdes, LLC.
The buyer, ULG Holdings, LLC, was represented by Karla Vidrio of Familiar Real Estate.
The retail portion of Barrio Logan Retail & Creative Office, 1805 Newton Ave., is fully leased at the time of the sale. The remaining part of the office will be occupied by the buyer.
The property, built in 1961, was completely renovated in 2010 by MW Steele Group, an architecture and planning firm that has had its headquarters on the site for the past 12 years. The unit mix consists of approximately 64% creative office and 36% retail.
Marcus & Millichap, a commercial real estate brokerage firm, specializes in investment sales, financing, research and advisory services.