Pacific Coast Commercial is pleased to announce a 5 unit street retail building located at 5005-5019 Cass Street has sold for $2,000,000.
Lesha Montoya and Jim Taylor of Pacific Coast Commercial represented both the Buyer, Dan Floit and Seller, Hewitt LCC in the transaction.
“Escrow closed in 10 days with the Sellers discounting the price in order to close consecutively with a residential property. The property is currently not intended for redevelopment purposes and will remain a retail center for the time being,” stated Lesha Montoya.
Jim Taylor said, “It was a pleasure representing both sides of the transaction to ensure each of their goals were met, resulting in a smooth and successful escrow process.”
The 5,270 SF building is located on a high traffic street, just a few blocks from the Pacific Beach boardwalk.
Property Type: 5 Unit Street Retail
Square Footage: 5,270 SF Building
Sale Price: $2,000,000
Close of Escrow Date: 1/03/2020
Seller Name: Hewitt LLC
Buyer Name: Dan Floit
Escrow Company: Chicago Title
Title Company: Chicago Title