3350 Rosecrans St
San Diego , CA , 92110
159
UNITS
Executive Summary
Berkadia is pleased to present the opportunity to acquire The Presidio Apartments, a multifamily community perfectly positioned for a “value-enhancement” strategy with a recently extended grouynd lease. The Presidio Apartments is comprised of 159 apartment homes located in the Point Loma neighborhood of San Diego.
Investment HighLights
Value-Add Strategy
An investor has the opportunity to continue the proven value-add strategy and renovate the 66 units that remain in classic condition.
Point Loma Reimagined
The Presidio Apartments are located less than one mile from the Midway Rising project, which is anticipated to commence this year. The project is forecasted to generate $285M in annual economic impact for the city and create 3,100 permanent jobs, with wages averaging 12% higher than the current retail mix.
Central to San Diego’s Key
Employment Hubs
With I-5 and I-8 just a two-minute drive from The Presidio Apartments, residents have access to over 450,000 jobs within 20 minutes.
Photo Gallery
Contact
Office
San Diego Office
4275 Executive Square
Suite 700
La Jolla, CA 92037
Investment Sales
Ed Rosen
Managing Director
858.342.0700
[email protected]
CA DRE# 01010225
John Chu
Managing Director
619.990.5200
[email protected]
CA DRE# 00966982
Tyler Sinks
Managing Director
619.890.8486
[email protected]
CA DRE# 01910220
Mortgage Banking
Lee Scott
Director
858.275.5066
[email protected]
San Diego, CA 92110
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Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.