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