SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced that Baywalk Apartments in Pacific Beach sold for $1,755,000.
Located at 4470-4486 Bond Street, the 14-unit property consists of six one-bedroom units and eight two-bedroom units. The transaction closed in 45 days with a 30 percent down payment to a new Chase loan.
Ray Adams of Cassidy Turley BRE Commercial represented the seller, Laubach Family Trust, in the transaction. Patrick Doyle with Hendricks and Partners represented the buyer, GREPBW, LLC. Title and escrow services were provided by Chicago Title. The escrow officer was Annemarie Lo Coco. A new loan was originated by Andrew Gilligan and CJ Donovan of Chase Loan.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,200 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.