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Friday, Jan 27, 2023
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Trio of Buildings in Hillcrest Sold

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.

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