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Private Investment Team

Morena District Building Sold for $2,650,000


Photo: Pacific Coast Commercial


The 1102-1108 Morena Blvd property, strategically positioned in a highly sought-after location, has long been recognized as an attractive investment opportunity. Its proximity to major transportation routes, commercial centers, and residential neighborhoods has made it an ideal asset for potential buyers seeking premium real estate opportunities.


"According to Jason Vieira, Senior Advisor at Pacific Coast Commercial, the property at 1102-1108 Morena Blvd stood out as an exceptional freestanding asset, attracting a multitude of offers. The noteworthy premium it commanded stands as a testament to the unwavering stability and promising growth trajectory of the Morena submarket."


"We are proud to have successfully closed the sale of 1102-1108 Morena Blvd," said Tommas Golia, Director of Brokerage at Pacific Coast Commercial. "This transaction is a testament to our commitment to delivering value to our investors and stakeholders while maintaining a strong and diverse real estate portfolio."


The successful owner/user sale of this property further exemplifies Pacific Coast Commercials’ commitment to delivering exceptional value to its investors and clients. Leveraging its extensive experience in the real estate market, the company diligently managed the sales process to secure the best possible outcome for all.


PROPERTY ADDRESS

Address: 1102-1108 Morena Blvd., San Diego, CA 92110



REPRESENTATION

Seller Representation: Pacific Coast Commercial

Buyer Agent: Tommas Golia, Jason Vieira & Colton Speas


Buyer Representation: Colliers International

Buyer Agent: Justin Harvey


SALE DETAILS

Property Type: Retail/Flex Commercial Building

Square Footage: Approx. 6,000 SF

Sale Price: $2,650,000

Close of Escrow Date: 07/31/2023

Seller Name: V8 Holdings Limited Liability Company

Buyer Name: Kilowatt Events Inc.

Escrow Company: Stewart Title Guaranty Company - Commercial Services

Title Company: Stewart Title Guaranty Company - Commercial Services

Financing: Merri Adams – TMC Financing




CONTACT INFORMATION


JASON VIEIRA

Senior Advisor - Sales & Leasing

(858) 300-0375

Jason@PacificCoastCommercial.com

Lic. 01896589


Tommas Golia, CCIM

Director of Brokerage

(858) 598-2891

Tommas@PacificCoastCommercial.com

Lic. 01890744


COLTON SPEAS

Broker Associate

(858) 598-2873

Colton@PacificCoastCommercial.com

Lic. 02062812


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