Bankers Hill Commercial Condominium
A commercial condominium unit in Bankers Hill has been sold for nearly $2.7 million.
The 3,601 square-foot condominium is on the ground floor of the Vue on Fifth, 2655 5th Ave.
The property was acquired by Tower Investments, LLC.
The seller was OT Fifth, LLC.
The property is occupied by Orangetheory Fitness, a personal training gym.
Built in 2016, the Vue on Fifth is a seven-story building with 45 apartments and three commercial units.
Bill Shrader of Colliers International’s San Diego Urban Property Team represented the buyer and seller.
“With area up-zoning creating a shortage of non-development investment opportunities in Bankers Hill, the property was a rare acquisition opportunity,” Shrader said. “The strong tenant and close proximity to Interstate 5 and Highways 163 and 94, coupled with on-site parking make for a convenient and coveted property.”
Real estate reporter Ray Huard may be reached at firstname.lastname@example.org or 858-277-8904.