SAN DIEGO, CA– May 27, 2021 – Berkadia announced today the $19 million sale of The Jackson, a brand-new, luxury mixed-use community located in the North Park neighborhood of San Diego, California. Managing Directors Ed Rosen and John Chu and Director Tyler Sinks of Berkadia San Diego office completed the sale on behalf of the seller, 30th Partners, LLC/Bothwell Co. The deal closed on May 21.
Associate Director Aron Procuniar of Berkadia San Clemente office also secured $8.5 million in Life Company acquisition financing on behalf of the buyer.
“This sale of The Jackson highlights the insatiable demand for well-located, multifamily investment properties,” said Sinks.
Located at 4126 30th Street, The Jackson consists of state-of-the-art construction and features top-of-the-line condo quality interiors. Recently completed in 2019, the property consists of 5,446 square feet of ground floor commercial space and 33 apartment homes. Each unit features brand-new energy efficient stainless-steel appliances, floor-to-ceiling windows for natural lighting, quartz countertops, custom wood cabinetry, modern backsplashes, a combination of polished concrete and vinyl-plank flooring and private balconies that create an indoor-outdoor living space.