Updated Sep 22, 2026
856 Grand Ave LLC Acquires Development Site In San Diego For $8 Million
856 Grand Avenue
$8,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 22, 2026
About this deal
AI
The property involved in this transaction is a development site located at 856 Grand Avenue, San Diego, CA. The sale price for this asset was $8,000,000. The property is situated in a coastal area, one block from the Pacific Ocean, noted for its potential for multifamily redevelopment in a supply-constrained market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Buyer: 856 Grand Ave LLC
- Seller: IMS PB LLC
- Buyer's Representative: Carson Trujillo - WHITEWATER Commercial Real Estate
- Seller's Representative: David Kern - The Mansour Group
- Market: San Diego, CA
This transaction involved Whitewater Commercial Real Estate acting on behalf of 856 Grand Ave LLC, while The Mansour Group represented IMS PB LLC. The buyer's plans for the site indicate a continued trend of investor interest in coastal development opportunities.
On the Map
$8,000,000
Development Site
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Players
Chaptico Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93