59.7 F
San Diego
Saturday, Feb 4, 2023
-Advertisement-

Bankers Hill Commercial Building Sold For Redevelopment Project

A vacant Bankers Hill commercial building has been sold for nearly $2.2 million with plans to tear it down to make room for a new multifamily project.

Charles Jadallah, a private investor from the San Francisco Bay Area, bought the 5,000 square-foot building at 3100-3106 5th Ave. from The Lillian A. Mallen Family Trust.

Until last year, the two-story building was home to The Caliph Bar.

The Buyer plans to develop the property along with adjoining parcels into multifamily project.

- Advertisement -

Nicholas Totah, first vice president of investments in Marcus & Millichap’s San Diego office, represented both parties in the sale.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-