Vista Pacific Inc. Acquires Lake Elsinore Multifamily For $46M

The property asset involved in this transaction is a multifamily unit located at 15120 Grand Ave., Lake Elsinore. The seller, Forge Partners, facilitated the sale of the asset, which consists of 192 units, achieving a sales price of $46,000,000. The price per unit (PPU) has been established at $239,583.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Address: 15120 Grand Ave.
• Market: Lake Elsinore
• Units: 192
• Price Per Unit: $239,583
• Buyer: Vista Pacific Inc.
• Seller: Forge Partners
• Broker: Berkadia San Diego - Tyler Sinks, Edward Rosen & John Chu

This transaction was brokered by Berkadia San Diego, with key representatives including Tyler Sinks, Edward Rosen, and John Chu, who represented the parties involved in the deal. The successful sale reflects the ongoing activity in the multifamily residential market in Lake Elsinore.