Insight Investment Partners Acquires Multifamily Property In San Diego For $23.3M

435 13th Street, San Diego, California 92101, United States

$23,250,000

Building Size

—

Asset Type

MultiFamily

Closing

Jun 7, 2022

AI

The asset involved in this transaction is a multifamily property located at 435 13th St., in the San Diego market. The property comprises 86 units and was sold for a price of $23,250,000, which translates to a price per unit of $270,349.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $23,250,000
Address: 435 13th St.
Market: San Diego
Units: 86
PPU: $270,349
Buyer: Insight Investment Partners
Seller: FPA
Brokers: Christopher J. Zorbas, Alexander Garcia Jr. (Institutional Property Advisors) & Austin Huffman - Marcus & Millichap
Date: 06/08/2022

The transaction was facilitated by brokers Christopher J. Zorbas and Alexander Garcia Jr. from Institutional Property Advisors, along with Austin Huffman from Marcus & Millichap. They represented the buyer, Insight Investment Partners, and the seller, FPA, in this multifamily property deal.

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