SOLD
MG Properties Acquires Chula Vista Multifamily For $116M Via JLL
2043 Artisan Way
MultiFamily
Sold 88 days ago
Summary
Sale
CALIFORNIA
MultiFamily
Pulse Millenia, a 273-unit multifamily property located at 2043 Artisan Way in Chula Vista, has been sold for $116 million. The buyer, MG Properties, was represented by Mark Gleiberman from MG Properties. The seller, Northwestern Mutual, was represented by John Schlifske. The deal was facilitated by Kip Malo from JLL.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $116,000,000
- Address: 2043 Artisan Way, Chula Vista
- Market: Chula Vista
- Buyer: Mark Gleiberman - MG Properties
- Seller: John Schlifske - Northwestern Mutual
- Broker: Kip Malo - JLL
JLL also secured a $71.8 million Freddie Mac loan for the buyer. The mortgage brokers involved in the transaction were Annie Rice, Brandon Smith, Charles Halladay, and Rick Salinas, all from JLL. Yardi Matrix data reveals that the property had previously been sold in 2016 for $93.8 million.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Annie Rice, Charles Halladay, Mark Gleiberman, Brandon Smith, John Schlifske, Rick Salinas & Kip Malo
DATE: 02/06/2024
ADDRESS: 2043 Artisan Way
MARKET: Chula Vista
ASSET TYPE: Multifamily ~ ACRES: 9
BUYER: Mark Gleiberman - MG Properties (@MG_Properties_)
SELLER: John Schlifske - Northwestern Mutual (@NorthwesternMutual)
BROKER: Kip Malo - JLL (@JLL)
MORTGAGE BROKERS: Annie Rice, Brandon Smith, Charles Halladay & Rick Salinas - JLL
SALE PRICE: $116,000,000
UNITS: 273 ~ PPU: $424,908
NOTE: Northwestern Mutual sells Pulse Millenia, a 273-unit Chula Vista multifamily property, to MG Properties for $116 million via JLL, which also secures a $71.8 million Freddie Mac loan for the buyer. Yardi Matrix data shows the property previously sold in 2016 for $93.8 million.View on map
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Address2043 Artisan Way
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