SAN DIEGO, CA May 5, 2020 – Retail Insite announce the sale of a prominent freestanding building located at 1020 Garnet Avenue in San Diego’s Pacific Beach neighborhood. The 4,500 square foot building was sold for $1,900,000.
Brian Pyke and Allison Campbell of Retail Insite represented the seller and buyer in this transaction. The seller is Tanya Blane and the buyer has requested to remain undisclosed. The new owner has plans to reposition this building currently occupied by Five Guys.
“Pacific Beach continues to evolve as a dynamic neighborhood and ideal location for investors in San Diego. Coastal pockets have historically been able to weather downturns better than other submarkets and I think PB will continue to be a great area to invest in,” said Brian Pyke of Retail Insite.
The sale adds to a steady increase of activity in the Pacific Beach area for Retail Insite’s Brian Pyke and Allison Campbell. Over the past year, the team secured leases with F45 at 1245 Garnet Avenue, Fritzy’s Roller Skate Shop at The Promenade at Pacific Beach; sourced new leases with Yoga Box, PB Training, and San Diego Sliders Co. at 909 Grand Avenue; and advised retail client QWENCH Juice Bar on the first San Diego location at 4462 Mission Blvd. Retail Insite has been retained by the new owner to continue leasing the property.