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Colliers Brokers $4.8M Sale of Office Building in San Diego’s Hillcrest Neighborhood

3850-Fifth-Ave-San-Diego-CA

AIDS Healthcare Foundation plans to utilize the building at 3850 Fifth Ave. in San Diego as a medical office facility with a ground-floor retail thrift store.

SAN DIEGO — Colliers International has arranged the sale of a freestanding office building, located at 3850 Fifth Ave. in San Diego’s Hillcrest neighborhood. LuxView Properties sold the asset to the AIDS Healthcare Foundation for $4.8 million.

The buyer plans to transform the two-story, 13,253-square-foot building into a mixed-use property with a retail thrift store on the ground floor and medical clinic space above.

Marc Posthumus of Colliers represented the seller in the deal.

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