Jackson Square Properties Acquires Shores Multifamily Community In Marina Del Rey For $170 Million

The property asset involved in the transaction is a multifamily community located at 4201 Via Marina in Marina del Rey, California. The 8-acre property, built in 2013, comprises 544 units. The sale was executed for a transaction amount of $170,000,000, resulting in a price per unit of $312,500. The property includes 54 affordable units and is subject to a ground lease with Los Angeles County that is set to expire in the year 2063.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $170,000,000
• Units: 544
• Price Per Unit: $312,500
• Address: 4201 Via Marina
• Market: Marina del Rey, CA
• Acres: 8
• Seller: Shores LLC
• Buyer: Jackson Square Properties
• Brokers: Charles Halladay, Rick Salinas, Blake Rogers, Annie Rice, Brandon Smith, Gyasi Edmondson & Will Bond - JLL

This transaction marks one of the largest commercial real estate deals in Los Angeles County for the year. JLL facilitated the sale and arranged acquisition financing for Jackson Square Properties during this significant transaction.