Multifamily - Sale

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

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.  

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.