NorthMarq arranges sale of Golden Heights Terrace in San Diego, California

Golden Heights Terrace

Investment Sales - Multifamily

Multi-Tenant

SAN DIEGO, CALIFORNIA (October 27, 2020) –Erik Anderson and Kyle Pinkalla of NorthMarq’s San Diego – Investment Sales team, arranged the $6.525 million sale of Golden Heights Terrace. The 27-unit multifamily property is located at 525-565 28th Street in San Diego, California within the Grant Hill/Logan Heights submarket.

“The buyer was attracted to Golden Heights Terrace as it is a well maintained and stabilized asset within a mile of Downtown's East Village,” said Anderson. “Additionally, as one of six market-rate buildings within the submarket over 25 units, the buyer saw value in being able to purchase a complex with scale in a submarket with strong rental demographics that is in the path of progress."

The property was purchased from Golden Heights Partner Group, LLC, the buyer is undisclosed.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.