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Atlantic Pacific Acquires Multifamily Property In Lake Elsinore For $64.5M

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SOLD
$64,500,000

California

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MultiFamily168 SF
Sold 08/30/2022
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Property Image
SOLD

Atlantic Pacific Acquires Multifamily Property In Lake Elsinore For $64.5M

2088 East Lakeshore Drive

See Similar Deals
MultiFamily168 SF
Sold 08/30/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$383,928
Total Square Footage:168 SF
Transaction Type:Sale

The multifamily property located at 2088 E Lakeshore Dr in Lake Elsinore has been sold in a transaction that closed on 08/30/2022. The property, owned by Weidner Apartment Homes, was purchased by Atlantic Pacific. The sale price for this transaction was $64,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $64,500,000
  • Date: 08/30/2022
  • Address: 2088 E Lakeshore Dr
  • Market: Lake Elsinore
  • Buyer: Atlantic Pacific
  • Seller: Weidner Apartment Homes
  • Broker: Kyle Pinkalla - Northmarq

The property consists of 184 units, with a per unit price of $350,543. It spans a total square footage of 168,728, resulting in a price per square foot of $382.

Players

Kyle Pinkalla
7 deals$510.1M volume
BROKER

BUYER

Details

SOLD
IMAGE: Kyle Pinkalla DATE: 08/30/2022 ADDRESS: 2088 E Lakeshore Dr MARKET: Lake Elsinore ASSET TYPE: Multifamily BUYER: Atlantic Pacific SELLER: Weidner Apartment Homes (@WeidnerApartmentHomes) BROKER: Kyle Pinkalla - Northmarq (@Northmarq) SALE PRICE: $64,500,000 UNITS: 184 ~ PPU: $350,543 SF: 168,728 ~ PPSF: $382

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