Newkirk Family Trust II of San Diego has acquired the newly built Ten on Columbia, a 10-unit apartment property in Little Italy, for $5.5 million, according to brokerage company Colliers International.
The seller of the three-story building, at 2104 Columbia St., was BAIA Vista LLC of San Diego. The buyer and seller were represented by Colliers’ Peter Scepanovic and Corey McHenry.
Brokers said construction on the building was completed in October, and the property was fully leased as of early December.
The deal followed the March sale of the nearby and newly built 18-unit apartment property at 1941 Columbia St., purchased by Allen Properties Group 43 of Newport Beach for $6.2 million. That transaction was also handled by Scepanovic and McHenry.