SAN DIEGO – August 30, 2021 – Colliers announces the sale of a 78-unit, 32,750 square foot multifamily property located in Downtown San Diego’s East Village neighborhood for $7,800,000. The historic property was constructed in 1869 and is located at 509 Park Blvd, San Diego, CA.
Peter Scepanovic and Corey McHenry of Colliers’ San Diego Multi-Family Advisory Team represented the buyer, The Palms on Park San Diego, LP. Will Rigley of Rigley Corp represented the seller, 12th & A Hotel Partners, LP.
“With a location in the heart of East Village, along a transit line and within walking distance to the ballpark, this property will be a strong investment,” said Scepanovic. “The new ownership plans to make interior and exterior upgrades to modernize the property.”
