Three adjacent properties in Hillcrest totaling approximately 25,000 square feet have been sold for $13 million, a brokerage announced.
The portfolio – consisting of 1417-19 University Ave., 1421-25 University and 1431 University – includes retail, restaurant office and multi-family spaces.
Nicholas Totah, first vice president of the Totah Group at Marcus & Millichap’s downtown San Diego office, represented the seller, Pete Katz, a private investor, along with the buyer, an undisclosed local private investor.
Marcus & Millichap (NYSE: MMI) is a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services.