San Diego, Calif. – Kipp Gstettenbauer, Senior Vice President and Ryan King, Vice President, of Voit Real Estate Services’ San Diego office successfully directed the $2,965,000 sale of a 7,865 square-foot office building in San Diego, on behalf of the seller Linfield Investments, LP, based in Canada, and the buyer, H.G. Fenton Property Company, based in San Diego. H.G Fenton, a well-known real estate firm, will use this property for office space, according to Gstettenbauer and King.
“This was a mutually beneficial transaction for both the buyer and seller,” according to King. “It is a terrific location in one of San Diego’s hottest submarkets with great long-term potential.”
The deal took approximately one month to close escrow, according to the Voit broker team.
The property is located at 2870 5th Avenue in San Diego.
About Voit Real Estate Services
Voit Real Estate Services is a privately held, broker owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients’ needs. Throughout its 40+ year history, the firm has developed, managed and acquired more than 64 million square feet and completed more than $44.8 billion in brokerage transactions encompassing more than 43,000 brokerage deals. Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios.