Cody Evans, of South Coast Commercial Inc., represented the seller in the Deal of the Week. Josh Browar, also of South Coast, represented the buyer.
The deal was the sale of The Barcelona, a 90-unit apartment complex in Bankers Hill at 326 Juniper St., San Diego, for $15 million.
The buyer was Barcelona 326 Juniper LLC, c/o SENTRE Partners of San Diego.
The acquisition was financed with a loan of $9.75 million by CJ Donovan at Opus Bank.
The seller of the property was Historic Barcelona Apartments LLC. Cathy Herrick is the managing member of the seller.
The four-story apartment totals approximately 55,000 square feet of living space. The building also includes a roof-top deck with panoramic views.
A revitalization of the 1921 building is planned by the new ownership.
The building was designed in the Spanish Colonial Revival style by Eugene Hoffman (who also did the William Penn Hotel and John D. Spreckels Building in downtown San Diego).
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