January 8, 2017
CBRE Group Inc. completed the more than $20-million sale of Terra at Mission Trails Apartments in San Diego on behalf of PUR VDF Apartments, LLC. The San Diego-based buyer was Mission Gorge Rd, LP.
Built in 1977, the 90-unit asset underwent a major renovation in 2010 and is situated on 3.44 acres in San Carlos. The property features studios, one, and two-bedroom units. The communities’ resort-style amenities include a pool, hot tub, sauna, resident lounge, BBQ area and a new state of the art fitness center.
CBRE’s Jim Neil, Eric Comer, and Merrick Matricardi represented the seller. The buyer was self-represented.
Neil notes residents gain access to a host of nearby recreational destinations and are “a quick commute to major employment centers in any direction.”
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