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Duc Bui Acquires 16-Unit Multifamily In Mira Mesa, San Diego For $4.9M

Property Image
SOLD
$4,900,000
James V. Carter
Angelo La Bruna

California

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MultiFamily8,390 SF
Sold 05/31/2023
the dealplayerscompscontact
Property Image
SOLD

Duc Bui Acquires 16-Unit Multifamily In Mira Mesa, San Diego For $4.9M

8855 Mira Mesa Blvd San Diego, CA 92126, USA

See Similar Deals
MultiFamily8,390 SF
Sold 05/31/2023
James V. Carter
Angelo La Bruna
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$584
Total Square Footage:8,390 SF
Transaction Type:Sale

The multifamily property located at 8855 & 8865 Mira Mesa Blvd in Mira Mesa, San Diego has been sold for a price of $4,900,000. The property consists of 16 units with an average price per unit (PPU) of $306,250. The total square footage of the property is 8,390, resulting in a price per square foot (PPSF) of $584.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,900,000
  • Units: 16
  • PPU: $306,250
  • Square Footage: 8,390
  • PPSF: $584
  • Address: 8855 & 8865 Mira Mesa Blvd
  • Market: Mira Mesa, San Diego

The buyer of the property is Duc Bui, while the seller is Mark Gregson. The deal was facilitated by brokers James V. Carter and Angelo La Bruna from Apartment Realty Group (ARG).

Players

Angelo La Bruna
Apartment Realty Group (ARG)
Angelo La Bruna
14 deals$88.6M volume
BROKER
James V. Carter
Apartment Realty Group (ARG)
James V. Carter
12 deals$60M volume(619) 784-1031
BROKER

Details

SOLD
IMAGE: James V. Carter & Angelo La Bruna DATE: 05/31/2023 ADDRESS: 8855 & 8865 Mira Mesa Blvd MARKET: Mira Mesa, San Diego ASSET TYPE: Multifamily BUYER: Duc Bui SELLER: Mark Gregson BROKERS: James V. Carter (@JamesVCarter) & Angelo La Bruna (@Angelo_LA_Bruna) - Apartment Realty Group (ARG) (@ApartmentRealty) SALE PRICE: $4,900,000 UNITS: 16 ~ PPU: $306,250 SF: 8,390 ~ PPSF: $584

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
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