NorthMarq arranges sale of 16 units in prime walkable Bankers Hill submarket of San Diego
Multifamily Property
SAN DIEGO, CALIFORNIA (June 21, 2021) – The San Diego Investment Sales team consisting of Erik Anderson and Kyle Pinkalla, arranged the $3.85 million sale of the 16-unit multifamily property located at 2003 3rd Avenue in San Diego, California within the upscale, urban Bankers Hill submarket. Anderson and Pinkalla represented both the buyer and seller in this transaction.
“This property offers the new owner the ability to immediately renovate and upgrade a charming property sitting in a prime area of Bankers Hill” said Anderson. “With most of the units vacant, upgrades can begin immediately, and will offer tenants a boutique luxury living experience."
Both the buyer and seller in the transaction are undisclosed.
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.
