EXHIBIT (a)(1)(iv)


                             PRICE ENTERPRISES, INC.
                           OFFER TO PURCHASE FOR CASH
                        ANY AND ALL OUTSTANDING SHARES OF
                                ITS COMMON STOCK
                             AT A PURCHASE PRICE OF
                                 $7.00 PER SHARE

                                                        August 10, 2001

To Brokers, Dealers, Commercial Banks,
 Trust Companies and Other Nominees:

         Price Enterprises, Inc., a Maryland corporation (the "Company"), is
making an offer to purchase for cash all outstanding shares of its Common Stock,
$0.0001 par value (the "Enterprises Common Stock"), at a purchase price of $7.00
per share, net to the seller in cash, without interest thereon (the "Offer
Price"), upon the terms and subject to the conditions set forth in the Company's
Offer to Purchase dated August 10, 2001 (the "Offer to Purchase") and in the
related Letter of Transmittal (which, together with the Offer to Purchase, each
as amended or supplemented from time to time, together constitute the "Offer"),
enclosed herewith. Please furnish copies of the enclosed materials to those of
your clients for whose accounts you hold Enterprises Common Stock registered in
your name or in the name of your nominee.

         All Enterprises Common Stock validly tendered will be purchased at the
Offer Price, net to the seller in cash, without interest, upon the terms and
subject to the conditions of the Offer. See Section 1 of the Offer to Purchase.

         The Offer is not conditioned upon any minimum number of shares of
Enterprises Common Stock being tendered. The Offer is, however, subject to
certain other conditions set forth in the Offer. See Section 5 of the Offer to
Purchase.

         For your information and for forwarding to your clients for whom you
hold Enterprises Common Stock registered in your name or in the name of your
nominee, we are enclosing the following documents:

         1.  Offer to Purchase dated August 10, 2001;

         2. Letter of Transmittal for your use in accepting the Offer, tendering
Enterprises Common Stock and for the information of your clients;

         3.  Guidelines for Certification of Taxpayer Identification Number on
             Substitute Form W-9;

         4. Notice of Guaranteed Delivery to be used to accept the Offer if
certificates for Enterprises Common Stock and all other required documents
cannot be delivered to the Depositary on or before the Expiration Date, or if
the procedures for book-entry transfer cannot be completed on time; and

         5. A letter which may be sent to your clients for whose accounts you
hold Enterprises Common Stock registered in your name or in the name of your
nominee, with space provided for obtaining such clients' instructions with
regard to the Offer.

         WE URGE YOU TO CONTACT YOUR CLIENTS AS PROMPTLY AS POSSIBLE. PLEASE
NOTE THAT THE OFFER AND RIGHTS TO WITHDRAW EXPIRE AT 5:00 P.M., NEW YORK CITY
TIME, ON SEPTEMBER 11, 2001, UNLESS THE OFFER IS EXTENDED.



         No fees or commissions will be payable to brokers, dealers or any other
persons (other than the Information Agent and the Depositary as described in the
Offer to Purchase) for soliciting tenders of Enterprises Common Stock pursuant
to the Offer. The Company will, however, upon request, reimburse you for
customary mailing and handling expenses incurred by you in forwarding any of the
enclosed materials to the beneficial owners of Enterprises Common Stock held by
you as a nominee or in a fiduciary capacity. The Company will pay or cause to be
paid all stock transfer taxes on its purchase of Enterprises Common Stock
pursuant to the Offer, subject to Instruction 6 of the Letter of Transmittal.

         In order to take advantage of the Offer, (i) a duly executed and
properly completed Letter of Transmittal (or a manually signed facsimile
thereof), with any required signature guarantees (and any other documents
required by the Letter of Transmittal), or an Agent's Message in connection
with a book-entry delivery of Enterprises Common Stock, must be delivered to
the Depositary before the expiration of the Offer and (ii) either (a) the
certificates for the tendered Enterprises Common Stock must be received by
the Depositary or (b) the Enterprises Common Stock must be tendered pursuant
to the procedure for book-entry transfer and a book-entry confirmation must
be received by the Depositary, all in accordance with the instructions set
forth in the Offer.

         If holders of Enterprises Common Stock wish to tender, but it is
impracticable for them to forward their stock certificates or other required
documents or to complete the procedures for delivery by book-entry transfer
prior to the expiration of the Offer, a tender may be effected by following the
guaranteed delivery procedures specified in Section 3 of the Offer to Purchase.

         Any inquiries you may have with respect to the Offer should be
addressed to, and additional copies of the enclosed materials may be obtained
from, the Information Agent, Mellon Investor Services LLC, 44 Wall Street, 7th
Floor, New York NY 10005, telephone (800) 335-7842 (Toll Free).


                                                     Very truly yours,

                                                     PRICE ENTERPRISES, INC.


         NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE
YOU AS THE AGENT OF THE COMPANY, THE INFORMATION AGENT, THE DEPOSITARY OR ANY
AFFILIATE OF ANY OF THE FOREGOING, OR AUTHORIZE YOU OR ANY OTHER PERSON TO USE
ANY DOCUMENT OR MAKE ANY STATEMENT ON BEHALF OF ANY OF THEM IN CONNECTION WITH
THE OFFER OTHER THAN THE ENCLOSED DOCUMENTS AND THE STATEMENTS CONTAINED
THEREIN.


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