Vista, CA – January 31, 2023 – Jeff Abramson of Lee & Associates – NSDC has completed the sale of a 31,840 square foot, mixed-use 2-story freestanding building at 1070 S Santa Fe Ave for $6,675,000. The buyer, a well-known real estate development company, plans to convert the former office retail space into a residential community.

Situated on 2.34 acres, this prime location offers ample space for the planned transformation. The new residential development will provide residents with a unique living experience, blending convenience, luxury and a touch of the city’s history.

“We are pleased to announce the sale of 1070 S Santa Fe Ave,” said Jeff Abramson, Principal at Lee & Associates NSDC “This is a prime location with a lot of potential, and we can’t wait to see the transformation that is about to take place. This project will significantly add to the gentrification of this area in a positive way.”

The residential conversion is set to begin immediately, and the developer expects to complete the project in the near future.

The Buyer, AMB SSF LLC, was represented by Peter Scepanovic & Corey McHenry of Colliers International and the Seller RLS Investments LLC was represented by Jeff Abramson, Lee & Associates – NSDC.