Brian Perrin Marine Inc. has acquired the real estate located at 2805 Canon Street in Point Loma for $3,250,000, according to the commercial brokerage firm the Franco Realty Group. The Seller of the 7,714 sqft retail center was Canon Marine LLC. The Seller was represented by Seth Pite, Michael Elliott, Chad Bourgeois and Tony Franco of the Franco Realty Group.
This commercial property has been sold to Brian Perrin who established Upgrade Marine in 2010. Upgrade Marine Inc. specializes in replacing electrical systems and upgrading technology on marine vessels. The Buyer received SBA financing for the purchase of this property. This was the first time the property has been on the market in decades.
The Franco Realty Group has now sold 4 retail/office strip centers in Point Loma totaling over $10 million in sales.