San Diego, CA
CBRE Negotiated Sale of 20,987-Square-Foot-Retail Building in San Diego
The property is on the corner of Garnet Avenue and Mission Bay Drive
December 14, 2023
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CBRE arranged the $11.025 million sale of 4650 Mission Bay Drive, a 20,987-sq.-ft.-building in San Diego, Calif. CBRE’s Reg Kobzi, Michael Peterson, Joel Wilson and Rosie Cooper represented the seller of the building.
"This landmark asset has never been sold since its development in 1977," said Mr. Peterson. "It is a rare opportunity to own the gateway corner for Pacific Beach in a dense, infill, coastal San Diego location."
Located on the corner of Garnet Avenue and Mission Bay Drive, the two-story building was built in 1977 on a 1.73-acre lot. Family Health Centers purchased the building with flexible zoning for various uses.
The building is accessible from both Mission Bay Drive and Garnet Avenue, adjacent to commercial buildings on both sides and surrounded by residential units to the West. There are 52 parking spaces West of the building.
Kelly Moriarty and Chris Ross of JLL represented Family Health Centers.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.