MISSION BEACH - San Diego, CA (Dec 26, 2023) – The Santa Clara Motel, an 18-Unit property located in the heart of Mission Beach, located at 821-839 Santa Clara Place, San Diego, CA 92109 sold for $7.7 million on December 20th, 2023, Commercial Asset Advisors announced.
Brian Jenkins, Mike Conger, and Matt Monterroso of Commercial Asset Advisors represented the Seller. The Buyer was represented by Tommas Golia of Pacific Coast Commercial.
"We are thrilled to announce the successful sale of the 18-Unit Mission Beach Motel. Our marketing strategy, which highlighted the property’s trophy location and tremendous opportunity for repositioning, helped us achieve an exceptional value for the seller, with a great potential in an irreplaceable location for the new owner.
“This sale is a testament to our unwavering commitment to delivering unrivaled results for our clients, overcoming challenging market conditions through insightful solutions and creative strategies." said Brian Jenkins.
CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm's ability to maximize values regardless of product type, location, or situation.
For additional information, you may contact:
Matt Monterroso, Senior Vice President (DRE Lic. # 02073919), at matt@caacre.com
Mike Conger, CAA Principal (DRE Lic. # 01381193), at mike@caacre.com
Brian Jenkins, CAA Principal (DRE Lic. # 01814828), at brian@caacre.com
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About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.