San Diego-based Investcal Realty Corp. has purchased the Shelter Island Village retail center in Point Loma for $7.4 million, according to Flocke & Avoyer Commercial Real Estate, which represented the seller.
The seller of the 16,013-square-foot property, at 2904 Shelter Island Drive, was Shelter Island Village LLC, represented by Flocke & Avoyer’s Brian Quinn, Steve Avoyer and Matt Peckham. Jack Naliboff and Craig Carlson of StepStone Real Estate Services also represented the seller, and the buyer represented itself.
The center was built in 1990 by Union Bank of California, which still operates an adjacent branch office. Center tenants include Edward Jones, Postal Annex, Subway and several locally based businesses.