February 23, 2024
An aerial view of a property within the 6500 block of El Cajon, marked in yellow, web site of a future housing growth. Picture credit score Courtesy, CBRE

A big web site on El Cajon Boulevard close to San Diego State that’s slated for growth has been bought for $1.75 million to a restricted partnership, an actual property agency has introduced.

CBRE’s Ramin Salehi, Joe Smith and John Smith represented the client within the transaction. Aaron Bove of Marcus & Millichap represented the vendor, Zamani Belief.

“The deal is a uncommon alternative for our consumer to develop a property in a high-density space,” stated Salehi.

The 14,000 square-foot web site, south of SDSU, shall be redeveloped into multi-family housing.

The location is within the 6500 block of El Cajon Boulevard close to eating and retail locations.