Just Sold! La Mesa Retail Portfolio Sells for $1,600,000

Disclaimer: I am not an attorney and this article is not intended as a substitute for advice from the appropriate legal, zoning, financial, construction and/or tax professionals. This information is provided for educational purposes only and is made without warranties or representations

A mixed-used portfolio of a free-standing La Mesa retail building at 5200 Lake Murray Blvd and a single-family home with commercial zoning located next door at 6985 Wisconsin Ave has sold to an owner-user for $1,600,000. Erik Egelko, a commercial real estate broker with the San Diego office of SVN Vanguard represented the seller in the transaction.

Egelko commented, “I am very happy to see this deal make it across the finish line! This seller reached out to me earlier this year after being approached with an unsolicited offer from a buyer that she did not have confidence in. I encouraged her to take her La Mesa Retail property to market in order to achieve the highest price possible. I am excited to announce that as of yesterday we closed at $100K above the original offer.”

admin