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
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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