Palms On Park San Diego LP Acquires Multifamily Property In East Village For $7.8M

Located at 509 Park Blvd in the East Village market, this multifamily property was recently sold in a transaction on 08/31/2021. The property consists of 78 units with a total area of 32,750 square feet. The sale price for this transaction was $7,800,000, resulting in a price per unit of $100,000 and a price per square foot of $238.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,800,000
• Units: 78
• Price per Unit: $100,000
• Square Footage: 32,750
• Price per Square Foot: $238
• Address: 509 Park Blvd
• Market: East Village

The buyer of this property is The Palms on Park San Diego LP, while the seller is 12th & A Hotel Partners LP. Representing the buyer in this transaction are Peter Scepanovic and Corey McHenry from Colliers. Will Rigley from Rigley Corp. acted as the seller's representative.