San Diego Retail Condo Trades for Record Price
ByColliers International arranged the sale of a 3,517-square-foot retail condominium in La Jolla, Calif., for $4.7 million. The Cove Equity Group LLC purchased the two-unit property with no outside representation for $1,322/square foot, a record price for shell retail space. Bill Shrader, David Maxwell, Joe Brady and Luke Holler of Colliers International’s Urban Property Group represented the seller, Hammer Ventures on behalf of RREF II-HV Prospect Property Owner LLC.
Located at 1020 Prospect St., the condo is on the ground floor of Muse, a 16-unit, luxury residential building under redevelopment. The building is within walking distance from the Museum of Contemporary Art San Diego and several other art galleries and museums, restaurants and abundant retail…