Indoor Skydiving Building Purchased by San Diego

That’s right!  The indoor skydiving center in downtown San Diego, 14th & Imperial, opened not to long ago has now been purchased by San Diego for $7 million.  No, San Diego isn’t in the indoor skydiving business but might plan to renovate the building to a “housing navigation center”.

The city received a couple appraisals that estimated the property to be $15-22 million so the purchase of less than half seemed fare.  San Diego downtown real estate has been going up over the past years so getting a property at less than half the appraisal is great!!

 

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