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8855 Mira Mesa Blvd San Die...

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

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

8855 Mira Mesa Blvd San Diego, CA 92126, USA

$4,900,000

$584/SF

Building Size

8,390 SF

Asset Type

MultiFamily

Closing

May 31, 2023

AI

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)

Broker

$88.6M

vol

14 deals

Broker

San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93