Casa La Roca Apartments LLC Acquires 100-Unit Multifamily Asset From La Roca Plaza LP For $26.5M

The sale involved a multifamily property located at 10032 North Magnolia Avenue in Santee, comprising 100 units and situated on 4.6 acres. The sale price was set at $26,500,000, resulting in a price per unit of $265,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,500,000
• Buyer: Casa La Roca Apartments LLC
• Seller: La Roca Plaza LP
• Brokers: Conor Brennan & Rachel Parsons - CBRE
• Units: 100
• Price Per Unit: $265,000
• Parking Spaces: 154

Conor Brennan and Rachel Parsons from CBRE represented both Casa La Roca Apartments LLC and La Roca Plaza LP in this transaction, which involved the acquisition of a property offering one-, two-, and three-bedroom units. The deal highlights the role of CBRE in facilitating the successful transfer of ownership in the multifamily asset.