Pacific Coast Commercial is thrilled to announce the successful sale of 821-839 Santa Clara Place. “The Santa Clara Motel offered our client the unique opportunity to reposition a generational trophy asset in one of San Diego’s most desirable coastal tourism hubs. It will be exciting to see our client effectuate their plans for the site and capture the true value of such a desirable location,” stated Colton Speas.
Comprising of four separate parcels in one of San Diego's premier beachfront communities, this asset features four buildings totaling 8,000 sf, each situated on its own feet parcel occupying a total land area of 10,500 square feet. Nestled just steps away from the beach and surrounded by endless retail and entertainment choices, this property is perfectly ready and waiting for a conversion into short-term vacation rentals. The successful sale, totaling $7,700,000, was closed on December 20, 2023.
Hats off to Tommas Golia, Colton Speas, and Jason Vieira from Pacific Coast Commercial for effectively representing the buyer.
PROPERTY ADDRESS
Address: 821-839 Santa Clara Place San Diego, CA 92109
APN: 423-596-06-00, 423-596-07-00, 423-596-08-00, 423-596-09-00
REPRESENTATION
Seller Representation Company: Commercial Asset Advisors
Broker Rep: Brian Jenkins/Mike Conger/Matt Monterroso
Buyer Representation Company: Pacific Coast Commercial
Broker Rep: Tommas Golia, Colton Speas, and Jason Vieira
SALE DETAILS
Property Type: Beach Motel Building
Square Footage: Approx 8,000 SF located on 10,500 SF land
Sale Price: $7,700,000
Seller Name: Investment Property Exchange Services, Inc., as Qualified Intermediary for American A-One Investment Company, a California Corporation
Buyer Name: Hotel Santa Clara LLC, a California limited liability company
Escrow Company: Chicago Title Company
Close of Escrow Date: December 20, 2023
Title Company: Chicago Title Company
Financing: Endeavor Bank
CONTACT AGENTS FOR MORE DETAILS
TOMMAS GOLIA, CCIM
Director of Brokerage
(858) 598-2891
Lic. 01890744
COLTON SPEAS
Broker Associate
(858) 598-2873
Lic. 02062812
JASON VIEIRA
Senior Advisor - Sales & Leasing
(858) 300-0375
Lic. 01896589
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