Northmarq’s San Diego office arranges $31.5 million sale of The Ridge in San Diego, California
SAN DIEGO, CALIFORNIA (October 26, 2022) – Kyle Pinkalla, managing director, and Erik Anderson, vice president, of Northmarq’s San Diego investment sales team secured the $31.5 million sale of The Ridge Apartments. The 87-unit multifamily property, built in 1989, is located at 4641-4677 Home Avenue, San Diego, California. Northmarq represented both the seller, AAA Management, and the buyer, MC Properties, in the transaction.
The sale comes in the context of strengthened multifamily market in the local investment market during Q2, according to Northmarq’s recently released San Diego Multifamily Market Insights. Year to date, sales volume is up nearly 10 percent from last year. Read the full story here.
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