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Monday, Apr 22, 2024
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Bankers Hill Office Buildings Sell for $4.25M

Two Bankers Hill office buildings have been sold for a combined price of $4.25 million.

The buildings, located at 3115 Fourth Ave. and 3131 Fourth Ave., were bought by Charles Jadallah, represented by Nick Totah, senior vice president investments of The Totah Group in Marcus & Millichap’s downtown San Diego office.

The property at 3115 Fourth Ave. was sold by The David and Janice Stevens Revocable Trust, represented by Totah.

The building at 3131 Fourth Ave. was sold by the KAC Trust, represented by Eric Jones of Pacific Sotheby’s International.

The property at 3115 Fourth Avenue was built in 1980 and consisted of a two-story, 2,650-square-foot office building on a 4,986-square-foot lot. Previously used by the seller as a law office, it sold for $2,150,000.

The property at 3131 Fourth Avenue was built in 1951 and consisted of single-story, 2,238-square-foot office building on a 5,002-square-foot lot. Currently used by the seller as an insurance and law office, it sold for $2,100,000.


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