June 13, 2017
Colliers International handled the $10.4-million sale of a 44-unit apartment in San Diego’s Normal Heights. The nearly 33,000-square-foot asset is located at 4720-4732 Hawley Blvd.
The property features a mix of turn-key studio, one-bedroom and two-bedroom units with a pool, laundry and ample parking. Originally constructed in 1971, the property underwent interior and exterior renovations in 2010 and 2015.
Colliers’ Peter Scepanovic and Corey McHenry represented the San Diego-based buyer, Vaerus Hawley, LLC. RJW Properties’ Bob Weinberger represented the seller, Perform Investments, LLC.
“The property location at the intersection of Hawley Blvd and Adams Ave. in Normal Heights was well positioned to benefit from the nicely evolving urban commercial area along Adams, where walkability is highly prized,” said Peter Scepanovic.
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