Urban Property Group (UPG), a real estate services firm specializing in urban and coastal commercial property, recently sold the mixed-use building known as the Lincoln Hotel for $2.55 million. Located at 534-536 5th Ave., this historically designated Marker Number 60 in San Diego’s Gaslamp Quarter stands four stories tall and spans approximately 14,503 square feet. The property is currently occupied by El Cabron Restaurant on its ground floor and 41 affordable housing units on its upper floors. Bill Shrader of UPG represented Lincoln Hotel Partnership during the sale to Cyrus and Emilia Investments who plan to renovate the affordable housing component of this prime location just two blocks from Campus at Horton with potential for future success according to Shrader.
“Nonprofit HOPE Program Secures 10-Year Renewal with Assistance from Cresa”
Cresa’s senior advisors, Waite Buckley and Michael Herz, successfully negotiated a 10-year renewal lease for 7,500 square feet at 1
Steve Griffin
November 15, 2024
