Walz Properties Acquires Multifamily Property In Vista For $59.5M

An institutional property located at 920 Sycamore Ave. in Vista has been sold for $59,500,000. The multifamily property spans across 12 acres and consists of 155 units, resulting in a price per unit of $383,870.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $59,500,000
• Address: 920 Sycamore Ave.
• Market: Vista
• Acres: 12
• Units: 155
• Price per Unit: $383,870

The sale was facilitated by Christopher J. Zorbas, Alexander Garcia Jr., and Gary Weddle of Institutional Property Advisors, representing Walz Properties. Marcus & Millichap served as the brokerage agency in the deal.