4647 Alabama St.
Photo courtesy of Colliers International

4647 Alabama St. Photo courtesy of Colliers International

A University Heights apartment building has been sold for about $3.1 million.

The 6,672 square-foot building at 4647 Alabama St. has eight apartments averaging 741 square feet each.

The seller was Vaerus Alabama, LLC.

The buyer was Spinach 1031, LLC.

Corey McHenry and Peter Scepanovic of Colliers International San Diego Region represented Vaerus.

Jeff Castellaw of San Diego Apartment Brokers represented Spinach 1031.

“This is a highly desirable property located centrally to some of the best neighborhoods and activities San Diego has to offer,” said Scepanovic, senior vice president at Colliers.

“Bordered by Mission Valley to the north, the mid-city communities of Normal Heights and Kensington to the east, and Balboa Park and surrounding neighborhoods to the south, this unique building on Alabama Street is a strong investment for the new owner,” Scepanovic