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

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.