Equity Street Capital Acquires San Diego Multifamily For $28.1M

Equity Street Capital has acquired a multifamily property located at 2710 Grand Ave. in San Diego's market. The property consists of 80 units and was sold by Regency Bay Inn LLC & Wagers Family LP. The transaction was facilitated by Christopher J. Zorbas, Tom McCartin, and Alexander Garcia Jr. of Institutional Property Advisors, who represented both the buyer and seller. Marcus & Millichap served as the brokerage agency for the deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,100,000
• Units: 80
• Price Per Unit: $351,250

The acquisition of 2710 Grand Ave. demonstrates Equity Street Capital's investment in the San Diego market. This transaction highlights the expertise of Christopher J. Zorbas, Tom McCartin, and Alexander Garcia Jr. of Institutional Property Advisors, who successfully represented the buyer and seller in the deal. Marcus & Millichap's role as the brokerage agency further contributed to the smooth execution of the transaction.