top of page

Prime Kearny Mesa Owner/User Retail-Flex Building Sold for $3.7M, CAA Announces

Writer's picture: CAACAA

KEARNY MESA - San Diego, CA (October 8, 2020) – Commercia Asset Advisors (CAA) announces the commercial/retail property at 7865 Balboa Avenue, San Diego, CA 92111, was sold for $3,745,000 ($535/SF) on September 13, 2024. This rare owner/user opportunity featured a freestanding, single-story building of approximately 7,000 square feet, strategically positioned near the high-traffic intersection of Convoy Street and Balboa Avenue. With around 31,000 cars passing daily, the property offers excellent visibility, making it a prime commercial location in Kearny Mesa.

Gino Kalasho of Commercial Asset Advisors represented the Seller, 7868 Balboa Enterprises, LLC. The Buyer, Gunay Gulec was represented by Elcim Gulec, an individual broker. Rob Shaw and Cameron Aldrich of Chicago Title Company assisted with the transaction.


Our dedicated agent Gino Kalasho played a pivotal role in this transaction, while representing the seller, by procuring multiple competitive offers to ensure market pricing was achieved.


"With fluctuating interest rates in this current market, CAA targeted an Owner/User who could make use of SBA financing and successfully close this deal," stated Gino Kalasho, Senior Vice President.


This transaction sets up the Seller for a potential 1031 Exchange to expand their portfolio and Commercial Asset Advisors will be in preparation to aide in this endeavor. Not only did this sale benefit the seller, but it granted the buyer a long awaited expansion of their their operations in an area that is limited in supply of product availability.


"With our client's successful transaction, they not only received a premium on the purchase price from this deal, but it has allowed new potential avenues to explore for their future commercial real estate plans," highlighted Gino Kalasho, the agent representing the seller.


Commercial Asset Advisors remains committed to providing exceptional real estate solutions, even in challenging market conditions. This transaction exemplifies our dedication to helping clients achieve their goals and expand their real estate portfolios.

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:

Gino Kalasho, Senior Vice President (DRE Lic. # 02046687), at gino@caacre.com


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.


72 views0 comments

Comments


bottom of page