An East Village Albertson’s grocery store has been sold for $22 million.
The 43,000 square-foot building at 655 14th St.was acquired by 221 North Cedar Associates from AL’S SHUK, LLC.
Alvin Mansour and Kevin Mansour of The Mansour Group of Marcus & Millichap and Pasquale Ioele and Michael Burton of Flocke & Avoyer represented the seller.
Robert Zakari represented the buyer.
“This was a once-in-a-generation opportunity to purchase a landmark net-leased grocery asset with a long-term triple-net lease in Downtown San Diego’s East Village, one of our region’s most rapidly developing and booming neighborhoods,” said Alvin Mansour, executive managing director investments of The Mansour Group.