29th Street Capital Acquires Multifamily Asset In Oceanside For $97.5M

The multifamily property located at 3851 Sherbourne Dr. in Oceanside has been sold for a price of $97,500,000. The transaction took place on February 16, 2022. The property consists of 240 units, with each unit having a price per unit (PPU) of $406,250.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $97,500,000
• Address: 3851 Sherbourne Dr.
• Market: Oceanside

The buyer in this transaction is 29th Street Capital, represented by Jason de Guzman. The seller is Ideal Capital Group. The broker involved in the deal is Hunter Combs from Walker & Dunlop.