GK Dermatology and Med Spa has recently purchased a 10,000-square-foot retail building in San Diego for $5.25 million. The property, located at 4606 Mission Bay Dr., will serve as the new location for their dermatology and med spa practice.
The acquisition was facilitated by JLL’s Chris Baumgart, Steven Field, and Bryan Cunningham on behalf of the seller SMP Realty LLC. The buyer was represented by Ron Graves from Coldwell Banker Commercial.
According to Baumgart, this sale highlights the ongoing demand in San Diego’s “Owner-User” market where owning is often more cost-effective than leasing. With its prime retail location and access to coastal communities such as Pacific Beach and Mission Bay, 4606 Mission Bay Dr. is an ideal choice for GK Dermatology’s expansion.
This transaction showcases the thriving real estate market in San Diego with businesses like GK Dermatology investing in their own properties rather than renting space elsewhere.
