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CBRE Facilitates $8.62M Sale Of 25-unit Multifamily Property In Oceanside

Property Image
SOLD
$8,620,000
Mike O’Neill
Daniel (Dan) Blackwell
Amanda Fielder

California

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MultiFamily19,278 SF
Sold 05/28/2024
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Property Image
SOLD

CBRE Facilitates $8.62M Sale Of 25-unit Multifamily Property In Oceanside

2326 Greenbrier Drive

See Similar Deals
MultiFamily19,278 SF
Sold 05/28/2024
Mike O’Neill
Daniel (Dan) Blackwell
Amanda Fielder
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$447
Total Square Footage:19,278 SF
Transaction Type:Sale

A 25-unit multifamily property located at 2326 Greenbrier Drive in Oceanside, Calif., was recently sold for $8.62 million. The property spans 19,278 square feet and was sold for $447 per square foot, amounting to $344,800 per unit.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $8,620,000
  • Address: 2326 Greenbrier Drive
  • Market: Oceanside
  • Asset Type: Multifamily
  • Acres: 1.15
  • Brokers: Daniel Blackwell, Amanda Fielder & Mike O’Neill - CBRE
  • Units: 25
  • PPU: $344,800
  • SF: 19,278
  • PPSF: $447

CBRE's team, including Executive Vice President Dan Blackwell, facilitated the transaction of the Hillsborough Apartments. The sale was guided to completion with the assistance of the 1031 exchange buyer, a repeat client from San Diego County. The buyer saw the acquisition as a value-add opportunity with the potential to enhance rental income.

Players

Daniel (Dan) Blackwell
CBRE
Daniel Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER
Mike O’Neill
CBRE
Mike O’Neill
25 deals$160.8M volume
BROKER
Amanda Fielder
CBRE
Amanda Fielder
15 deals$94.7M volume
BROKER

Details

SOLD
IMAGE: 05/28/2024 ADDRESS: 2326 Greenbrier Drive MARKET: Oceanside ASSET TYPE: Multifamily ~ ACRES: 1.15 BROKERS: Daniel Blackwell, Amanda Fielder & Mike O’Neill - CBRE SALE PRICE: $8,620,000 UNITS: 25 ~ PPU: $344,800 SF: 19,278 ~ PPSF: $447 NOTE: CBRE facilitated the sale of a 25-unit multifamily property in Oceanside, Calif., to a private investor for $8.62 million, marking $344,800 per unit and $447 per square foot. CBRE's team, led by Executive Vice President Dan Blackwell, assisted the 1031 exchange buyer, a San Diego County-based repeat client, in acquiring Hillsborough Apartments, presenting a value-add opportunity with significant potential to increase rental income.

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