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Local Investor Buys High-Profile Retail Property in San Diego's Hillcrest Neighborhood

Carleton Management Sells Fifth Avenue Retail for $13.3 Million

The retail property in San DIego's Hillcrest neighborhood has seven fully leased residential units on the second level. (Location Matters)
The retail property in San DIego's Hillcrest neighborhood has seven fully leased residential units on the second level. (Location Matters)

Local full service investment firm Paragon Real Estate Investment has purchased a retail property situated between University Avenue and Washington Street in San Diego’s Hillcrest neighborhood from Carleton Management for $13.33 million, or about $467 per square foot.

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