The buyer of the 140-unit property is North County HomeFurnishing CenterLP, with Gleiberman Investments LAC as generalpartner and MarkGleiberman as president. The buyer was representedby Gleiberman.
Thesellers, Mike and Jen Hsin Booth—among six others—wererepresented byWill Creagan of the San Diego office of Business RealEstate BrokerageCo. The property at 300 W. Los Angeles St. wasbuilt in 1975 and was one ofthe bestrenovation/repositioncandidates in San Diego County during the lastfive years, withrentswell below market rates.
"With eight sellers, low rents, two and one-half years ofmarketing andfour escrows,this was the commercial brokerage versionof 'Survivor' for me," saysCreagan."Let's just say I'm happy it'sover."
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