4836 Newport Avenue - Notable Ocean Beach Retail Building
Client: Tony Franco Realty
Project: Ocean Beach
Type: Recently Closed Transactions
The 6,500 square foot retail building located at 4836 Newport Avenue San Diego, CA 92107 has been sold for $1,300,000, all cash. The building is situated on a 7,500 square foot parcel in the heart of Ocean Beach (OB), within a couple blocks of the ocean, and features on of OB’s most recognizable billboards.
The buyer of the real estate was IAC Management LLC, a California Limited Liability Company, and the seller of the real estate was Wild Rose Living Trust 11-27-09.
Newport Avenue Antiques has been in business for more than 20 years and will be closing its doors this spring. The new landlord plans on re-leasing the 6,500 square foot retail space to one or two tenants.
Mr. Tony Franco, president of the commercial real estate firm ‘The Franco Realty Group,’ represented the buyer. The Franco Realty Group is located in Pacific Beach and specializes in commercial sales, leasing and property management.
For more information about this sale, please call Tony Franco at 858.717.1697