University Avenue property
Photo courtesy of Marcus & Millichap

University Avenue property Photo courtesy of Marcus & Millichap


Three adjacent Hillcrest commercial buildings have been sold for $13 million.
The property at 1417-1419 University Ave., 1421-25 University Ave., and 1431 University Ave. was acquired by IAC Management, LLC.
The seller was Pete Katz.
Totaling 25,000 square feet, the property was about 60% retail space and 40% office space with nine residential lofts.
Nicholas Totah, first vice president of the Totah Group at Marcus & Millichap’s Downtown San Diego, represented both parties in the transaction.