QualityFirst Commercial Real Estate Announces the Successful Purchase of a San Diego Industrial Building
Peter Wright and Steven Martini of QualityFirst Commercial Real Estate Corp. Announce the Successful Purchase of a San Diego Industrial Building. Built in 1953, the 10,000 square foot building sits on a 13,000 square foot lot located at Commercial and 21st Streets in the up and coming area of Logan Heights. The building proudly features high ceilings, two loading docks and four roll up doors. From 1955 - 1966 the building was occupied by a beer and wine distributor and from 1970 - 1999 was utilized by a local produce company. From 1999 until 2010, it was occupied by Aztec Appliance for storage.
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November 2, 2010 (FPRC) -- A long standing industrial building and vacant lot located at 24 21st Street San Diego, CA 92102 was sold for $1,100,000. The Buyer was Riggo, LLC and the Seller was Safari Investments, LP.
Peter Wright and Steven Martini of QualityFirst Commercial Corp. represented the Buyer and Jim Marsh and John Lanza of Voit Real Estate Services represented the Seller. RIGGO, LLC will occupy 100% of the building once renovated. The purchase was financed with an SBA loan from Torrey Pines Bank.
Built in 1953, the 10,000 square foot building sits on a 13,000 square foot lot located at Commercial and 21st Streets in the up and coming area of Logan Heights. The building proudly features high ceilings, two loading docks and four roll up doors. From 1955 - 1966 the building was occupied by a beer and wine distributor and from 1970 - 1999 was utilized by a local produce company. From 1999 until 2010, it was occupied by Aztec Appliance for storage.
Starting in early 2011 the building will undergo a complete interior and exterior renovation. The selected Project Manager is Peter Spencer from Cruzan Monroe. Rodolfo Ocio of Ocio Design Group will provide Architectural services.
More About QualityFirst Commercial Real Estate
QualityFirst Commercial Real Estate provides a range of commercial real estate services in addition to the traditional brokerage functions of leasing, tenant representation and sales. Their added services include commercial bank real estate-owned (REO) evaluation, commercial real estate management, receivership and advising on non-performing assets.
For more information, visit http://qualityfirstcommercial.com.
Send an email to Mark Shapiro of http://qualityfirstcommercial.com/services/brokerage
619 249 7742
Keywords:
San Diego Commercial Real Estate, San Diego Industrial Real Estate, San Diego commercial brokerage
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