ACI Apartments is pleased to announce the recent sale of a 283,140 square foot lot located in San Diego at 11902 Campo Road. The subject property, which currently contains a trucking school and a single-family residence, sold for $2,640,000 and will be redeveloped as a 110,000sqft self-storage facility.
The property was purchased Frontera Real Estate who was represented by Arby Eivazian of ACI. The seller, Fass Properties, Inc. was also represented by Mr. Eivazian.
The property is located along Campo Road, with direct driving access to the beginning of The Martin Luther King Jr. Freeway, known locally as Highway 94. Previous ownership of the lot belonged to Wal-Mart Stores, Inc. in a bid to serve the community of Rancho San Diego. In addition to being a short distance from the Rancho San Diego Town Center, the lot is also within proximity of Cuyamaca Community College.
ACI is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions, and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined. Please visit us online at www.aciapartments.com