San Diego Business Journal

San Diego Apartment Property Sells for $20 Million

By Lou Hirsh Tuesday, January 10, 2017
   
7707 Mission Gorge Road - Photo courtesy of CBRE Group Inc.

7707 Mission Gorge Road - Photo courtesy of CBRE Group Inc.

A San Diego buyer recorded as Mission Gorge Road LP has purchased a 90-unit apartment property in the city’s San Carlos neighborhood for approximately $20 million, according to brokerage firm CBRE Group Inc.

The seller of Terra at Mission Trails Apartments, at 7707 Mission Gorge Road, was PUR VDF Apartments, represented by CBRE’s Jim Neil, Eric Comer and Merrick Matricardi.

The property was built on approximately 3.4 acres in 1977 and includes a pool, hot tub, sauna, resident lounge, barbecue area and fitness center.

According to CoStar Group and public data, the buyer is an affiliate of Ronald and Diane Krueger of La Mesa, and the seller is an affiliate of Pacific Urban Residential of Palo Alto.

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