December 9, 2015
Lee & Associates recently brokered a land-parcel transaction in downtown San Diego at A Street and 10th Avenue. The 40,000-square-foot site allows for 320,000 square feet of residential property. Sibbet, McCue & Dramiga sold the land, while the buyer was undisclosed.
There is the possibility of having a multifamily tower, commented Al Apuzzo, a Lee & Associates broker who represented the private buyer in the deal. Lee & Associates’ Steve Malley and Stephen Doks represented Silbert.
A Shell gas station currently occupies the land, along with a fully leased 16-unit apartment complex. It is still up in the air as to what will happen to these properties in the near future.