Marcus & Millichap’s Totah Group Closes Retail Sale in San Diego

Marcus & Millichap completed the sale of Mid-City Retail, a 4,630-square-foot retail and land property located in San Diego. The sale price was $1,150,000.

“The seller, a family trust, liquidated the asset to redeploy the capital into a large development opportunity,” said Ross Sanchez, director investments for The Totah Group in Marcus & Millichap’s San Diego Del Mar office. “This transaction represents the second successful disposition our team has completed on the trust’s behalf. The buyer, a local restaurant operator, plans to expand their brand by opening an additional location at the property.”

Sanchez and Nick Totah, managing director investments, marketed the property on behalf of the seller, The Londo Family Trust.

Mid-City Retail is located at 4845 El Cajon Blvd. in San Diego. It is currently occupied by Kim Hong Audio Video and includes a billboard leased to Outfront Media. Located within the Talmadge neighborhood, the property benefits from strong walkability and convenient access to public transportation.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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