William Bugenhagen Sells Multifamily Property At 870 Diamond Street In San Diego For $11.25M

The asset involved in the transaction is a multifamily property located at 870 Diamond Street in the San Diego market. The property features a total of 22 units, encompassing 15,440 square feet. It was sold for $11,250,000, translating to a price per unit of $511,364 and a price per square foot of $729.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,250,000
• Units: 22
• Square Footage: 15,440
• Price Per Unit: $511,364
• Price Per Square Foot: $729
• Seller: William Bugenhagen
• Broker Representatives: Joseph Burrough & Caitlyn de Wit - Palma Commercial
• Date of Transaction: 07/10/2024

Joseph Burrough and Caitlyn de Wit represented Palma Commercial in the transaction. Their involvement facilitated the deal, highlighting the professional network engaged in the sale of this multifamily asset.