REBusinessOnline

CBRE HANDLES $22 MILLION MULTIFAMILY SALE IN DOWNTOWN SAN DIEGO

SAN DIEGO — CB Richard Ellis has negotiated the $22 million sale of Entrada, a 172-unit apartment property located at 453 13th Street in downtown San Diego. Completed by SRM Development in 2004 in the city’s East Village neighborhood, Entrada features 126 studio units; 36 one-bedroom/one-bathroom units; five two-bedroom/two-bathroom units; three three-bedroom/two-bathroom units; one live-work unit and one loft. CBRE’s Kevin Mulhern, Dixie Hall and Rachel Hemingway represented the seller, SRM Development LLC, in the transaction, reportedly the first 100-unit or more apartment sale in downtown San Diego since March 2007. The buyer, Security Properties Inc., represented itself.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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