JPI Acquires Multifamily Property In San Diego For $69.8M

Located at 4275 Mission Bay Drive in San Diego, this multifamily property was recently involved in a closed transaction. The property is owned by JPI, a well-known landlord in the area. The deal was facilitated by CBRE, who represented the parties involved in the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $69,800,000
• Number of Units: 172

The transaction took place on February 8, 2021. The property is situated in the San Diego market, known for its vibrant real estate scene. Brad Taylor, Chris Clayton, Payton Mayes, and Julie Hunt from JPI were actively involved in the deal, representing the landlord's interests. Additionally, CBRE played a crucial role in ensuring a successful transaction for all parties involved.