La Mesa Apartment Complex Sold For $14.1M

San Diego Business Journal

Posted In — News & Press | In the News

A 62-unit La Mesa apartment complex has been sold for $14.1 million.

Rimrock Apartments at 8420 Buckland St. has been sold by Rimrock Partners, LP and Partners, LLC to Joehnk, LLC of Wyoming.

Representing the seller were multifamily investment brokers Jim Neil, Eric Comer, Merrick Matricardi and Bryan Calhoun of Kidder Mathews.

Joehnk, LLC represented itself.

Built in 1974, the 42,362 square-foot complex has apartments ranging in size from 650 square feet to 902 square feet with the average size 708 square feet.

The exterior of the complex and about 30 percent of the apartments have been renovated.

For the full story, go to the San Diego Business Journal.

©2018 San Diego Business Journal

Share This Post