OCEANSIDE, Calif. (Jan. 18, 2023) — A five-unit, multifamily building near the beachfront in South Oceanside sold for $2,840,000 on Jan. 6, 2023, Commercial Asset Advisors announced.
The two-story, 6,468-square-foot building is located at 1734 S Pacific Street, Oceanside, Calif. 92054.
Todd Simonsen, Chris Bonar and Mike Conger of Commercial Asset Advisors represented the seller, Lori L. Avis, Trustee of the Survivors Trust UDT dated August 23, 2000. The buyer, Suncoast Holdings Group, LLC, was represented by Philip Buckley of CBRE. Rob Shaw and Cameron Aldrich with Chicago Title assisted with the transaction.
Through strategic marketing, CAA was able to generate multiple offers and achieve a successful close for their client amid a changing market and rising interest rates.
“This was a rare opportunity for the right buyer,” Simonsen said. “Multifamily properties near the beach in South Oceanside are not put up for sale very often. CAA‘s marketing attracted multiple interested parties, allowing the seller to choose from several qualified offers – with a successful result.”
CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm’s ability to maximize values regardless of product type, location, or situation.
For additional information, you may contact Todd Simonsen, Sales Associate (DRE Lic. # 02131564), at firstname.lastname@example.org, Chris Bonar, Sales Associate (DRE Lic. # 02097389), at email@example.com, or Mike Conger, CAA Principal (DRE Lic. # 01381193), at firstname.lastname@example.org.
About Commercial Asset Advisors
Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,400 sale and lease transactions totaling over $500 million in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.