Griffis Residential Acquires Multifamily Property In San Diego For $155.7M | 1440 Hotel Circle North | Kevin Mulhern, Stewart (Stew) Weston, Dean Zander | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

303,178 sqft

In a recent closed transaction in San Diego's multifamily market, Griffis Residential acquired a property located at 1440 Hotel Circle North for a sale price of $155,700,000. The asset, consisting of 350 units, was sold by AEW. The transaction took place on May 4, 2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $155,700,000
Address: 1440 Hotel Circle North
Market: San Diego

The buyer, Griffis Residential, acquired the property from the seller, AEW. The deal was facilitated by brokers Dean Zander, Kevin Mulhern, and Stew Weston.

Players

All
4

Agents
3
Agencies
1

Kevin Mulhern

Senior Vice President

$355.8M Sold

Stewart (Stew) Weston

Executive Vice President

$1.8B Sold

Dean Zander

Executive Vice President

$1.9B Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Stew Weston, Dean Zander & Kevin Mulhern DATE: 05/04/2021 ADDRESS: 1440 Hotel Circle North MARKET: San Diego ASSET TYPE: Multifamily BUYER: Griffis Residential SELLER: AEW BROKERS: Dean Zander, Kevin Mulhern & Stew Weston SALE PRICE: $155,700,000 UNITS: 350 ~ PPU: $444,857

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Address1440 Hotel Circle North

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