By Dylan Thompson
CoStar Research
August 22, 2024
New Building Owner Is Seeking Approval From City on Design
A restaurant space that housed a San Diego, California, staple, Perry's Cafe, has sold to Viewpoint Development. Perry's had occupied the property since 1985.
The developer intends to turn the 4,000-square-foot building, which sits on a 1.74-acre parcel in San Diego’s Old Town area, into housing.
The seller, who had owned the property since 1992, sold the property for $9 million. The building is located at 4620 Pacific Highway. Viewpoint Development is still going through design approvals with the city for the new development.
Founded in 2000, Viewpoint Development has completed more than 5,000 development units, according to information on its website.
For The Record
Brian Quinn of JLL and Steve Avoyer of Flocke & Avoyer Commercial Real Estate represented both sides in the transaction.
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