Commercial Building Sold for $19.9 Million

That’s right, a commercial building in the Gaslamp District sold for $19.9 million.  The 3 unit building that’s home to Urban Outfitters & Ghirardelli Café is located on the corner of 5th avenue and G street.

 

Talk about location, location, location.  This shows you that location is a strong selling point that drives sales and price.  Downtown San Diego will always be on the higher end of sales price in San Diego county.  With so many people visiting the Gaslamp District every year, the demand for leasing space is limited which adds value to the commercial stores.