A large site on El Cajon Boulevard near San Diego State that is slated for development has been sold for $1.75 million to a limited partnership, a real estate firm has announced.
CBRE’s Ramin Salehi, Joe Smith and John Smith represented the buyer in the transaction. Aaron Bove of Marcus & Millichap represented the seller, Zamani Trust.
“The deal is a rare opportunity for our client to develop a property in a high-density area,” said Salehi.
The 14,000 square-foot site, south of SDSU, will be redeveloped into multi-family housing.
The site is in the 6500 block of El Cajon Boulevard near dining and retail destinations.
