PacLofts Building Sold For $7.4M

A downtown San Diego building that combines retail shops and office space has been sold for $7.4 million.

The four-story PacLofts at 701 Island Ave. was acquired by JCKL Partners from JS Western Retail Services.

The seller was represented by Nicholas Totah, first vice president in Marcus & Millichap’s San Diego offices, and Associate Ross Sanchez.

The 20,000 square-foot building is on a 5,000 square-foot lot. It was renovated in 2017 and was 27 percent leased at the time of sale.

San Diego Business Journal

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