SOLD – Lamont Street Grill – Restaurant Building with Rental Units.
San Diego, CA, 2011: Location Matters, a full service Retail Commercial Real Estate Brokerage with a specialized restaurant leasing and development team, facilitated the sale of the Lamont Street Grill Restaurant and building located at 4445 Lamont Street, San Diego, CA 92109. The sale included the restaurant building, two apartment units and a storage/office unit totaling 4,428 SF on a 6,250 SF lot. The new name will be The Patio on Lamont Street and is expected to open in May (or sooner).
Contact: Michael Spilky
Location Matters, Inc.
Ph: 858-792-5521 x101
E-mail: Mike.Spilky@locationmattersinc.com
FOR IMMEDIATE RELEASE
SOLD – Lamont Street Grill – Restaurant Building with Rental Units.
San Diego, CA, 2011: Location Matters, a full service Retail Commercial Real Estate Brokerage with a specialized restaurant leasing and development team, facilitated the sale of the Lamont Street Grill Restaurant and building located at 4445 Lamont Street, San Diego, CA 92109. The sale included the restaurant building, two apartment units and a storage/office unit totaling 4,428 SF on a 6,250 SF lot. The new name will be The Patio on Lamont Street and is expected to open in May (or sooner).
Total consideration of this sale was $1,350,000 ($304.88/SF).
Approximately $50,000 was allocated for the purchase of the Restaurant’s FF&E & Full Liquor License.
Michael Spilky of Location Matters, Inc. and Trent Wagenseller of Coldwell Banker Commercial represented both buyer Lamont Street Grill, Inc. and seller ANI Development in the transaction.
For more about Location Matters Brokerage visit www.locationmattersinc.com.
About Location Matters, Inc.
Location Matters is strategically positioned to focus on Restaurant & Retail Real Estate. Four synergistic and complementary services are provided by the Location Matters team, which include: Tenant Services, Landlord Services, Restaurant Sales & Acquisitions, and Retail Investment Sales Services.
By focusing its efforts on these services, they work to create win – win profitable transactions for their clients. Location Matters aims to utilize its relationships to expand and grow its clients’ businesses, increase their property and asset values, and maximize their overall wealth with its comprehensive services.
The staff at Location Matters is made up of highly skilled commercial real estate professionals with knowledge and experience in the retail real estate, finance, and restaurant industry. The Location Matters Southern California corporate office is based in Del Mar, CA which currently services San Diego, Orange, Riverside, San Bernardino, Los Angeles, and Ventura Counties.
For more about Location Matters Brokerage visit www.locationmattersinc.com
