North County Apartment Building with Below-Market Rents Sells for $8.62 Million ...Middle East

2326 Greenbrier Drive in Oceanside. Photo credit: Courtesy, CBRE A private investor has purchased a 25-unit apartment building in Oceanside for $8.62 million, a real estate brokerage announced. The selling price equates to $344,800 per unit and $447 per square foot. CBRE’s Executive Vice President Dan Blackwell, First Vice President Mike O’Neill and associate Amanda Fielder represented the buyer, a repeat client based in San Diego County. The seller is from South Orange County. Blackwell called the property “a value-add opportunity.” CBRE also assisted the buyer with financing, insurance and property management. “Hillsborough Apartments’ rents are currently 18% under ma

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