HomeFed Corp. Acquires Escondido Multifamily Property For $167.5M

1501 East Grand Avenue

MultiFamily

943,945 SF

Sold 1 year ago

Summary

Sale

CALIFORNIA

MultiFamily

943,945 sqft

HomeFed Corp. has acquired a multifamily property located at 1501 E. Grand Ave. in Escondido. The transaction was facilitated by broker Kevin Mulhern from CBRE. The property consists of 519 units, with each unit having an average price per unit (PPU) of $322,736. The sale price for the property was $167,500,000.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $167,500,000
Units: 519
PPU: $322,736
Address: 1501 E. Grand Ave.
Market: Escondido

Kevin Mulhern from CBRE represented the buyer, HomeFed Corp., in the deal.

Players

All
2

Agents
1
Agencies
1

Kevin Mulhern

Senior Vice President

$355.8M Sold

Details

Deal Summary

SOLD

IMAGE: Kevin Mulhern DATE: 12/03/2021 ADDRESS: 1501 E. Grand Ave. MARKET: Escondido ASSET TYPE: Multifamily BUYER: HomeFed Corp. BROKER: Kevin Mulhern - CBRE SALE PRICE: $167,500,000 UNITS: 519 ~ PPU: $322,736

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Address1501 East Grand Avenue

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