Wednesday, April 26, 2017

La Jolla, CA Retail Condominium Achieves Record Price Per Square Foot

Retail Condominium, 1020 Prospect Street, San Diego, CA
                                                                                                             (Image Courtesy of CoStar)

David Maxwell
SAN DIEGO, CA –– Colliers International San Diego Region announces the sale of a 3,517-square foot, two-unit retail condominium located in La Jolla, CA for $4,650,000. At $1,322/square foot, this sale sets the record for shell retail space.

Bill Shrader, David Maxwell, Joe Brady and Luke Holler of Colliers International’s Urban Property Group represented the seller, Hammer Ventures on behalf of RREF II-HV PROSPECT PROPERTY OWNER, LLC. The Cove Equity Group, LLC purchased the property with no outside representation.

The condominium is located at 1020 Prospect Street on the ground floor of Muse, a new 16-unit, ultra-luxury residential building currently under redevelopment.

The current restoration and renovation of this classic icon preserves the integrity of the architects’ original modernist vision while elevating the property to a whole new level that meets the expectations of modern luxury.

“The buyer was attracted to the iconic Prospect & Girard location at Muse, which is one of the best-located retail spaces in the county,” said Bill Shrader, leader of the Urban Property Group and Senior Vice President at Colliers International San Diego Region.
 For a complete copy of the company’s news release, please contact:

Kenny Moore  |  Associate
C 760 468 0394 

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