MHA Group Acquires Multifamily Property In San Diego For $32.6M

Located at 6888 Friars Rd. in San Diego, this multifamily property was recently sold in a closed transaction. The property consists of 73 units and was purchased by MHA Group from the seller, Acacia Capital, for a sale price of $32,600,000. With a price per unit of $446,575, this transaction showcases the strong market demand for multifamily assets in San Diego.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $32,600,000
• Units: 73
• Price Per Unit: $446,575

The buyer in this transaction, MHA Group, successfully acquired the property with the assistance of CBRE's brokers, Kevin Mulhern & Allen Chitayat. They represented MHA Group throughout the deal, ensuring a smooth transaction process. With their expertise and guidance, MHA Group was able to secure this desirable multifamily asset in San Diego.