The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 25, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Apartment Complex in San Diego’s Bankers Hill Neighborhood Fetches $580k/Unit


25 on Fifth, a 25-unit apartment complex in San Diego, was purchased by Next Space Development Realty Inc for $14.5 mil ($580k/unit). Acquisition equity for the deal was provided by Pacifica Companies.

25 on Fifth is located located at 3265 5th Ave, in the Bankers Hill neighborhood, near Balboa Park. It was built in 2007 and initially developed by Mayfair, who lost the property to Bank of America in the 2008 recession.

Eric Comer, Jim Neil and Merrick Matricardi with Kidder Mathews represented the buyer in the transaction.

“25 on Fifth was marketed with a previous firm for several months. After the listing expired, we were able to secure a buyer, with help from Dixie Hall of CBRE, and sold the property to Next Space Development, who plans to renovate the property and sell the units as condominiums,” said Comer. “It is one of the few multifamily properties in the Bankers Hill neighborhood with a final subdivision map for condominiums,” he added.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media