Investor Tim Foley of San Diego has acquired a mixed-use commercial property in Hillcrest for $2.2 million, according to brokerage firm Marcus & Millichap.
The seller of the office and retail property, at 1236-1238 University Ave., was 1236 University Avenue LLC of San Diego. The buyer was represented by Marcus & Millichap’s Nick Totah and Ben Tashakorian.
Brokers said the property also includes two apartments. Its ground-floor tenant is Uptown Tavern, which signed a new lease at the close of escrow.