ACI Apartments is pleased to announce the recent sale of nine units in the Spring Valley neighborhood of San Diego. The 7,168 square foot property situated on a 14,231 square foot lot located at 9094 Harness Street was purchased by XREIT FUND 1, of San Diego for $2,020,000.
The San Diego seller, Snider Property #2, LLC was represented by Terry Moore CCIM of ACI Apartments, as part of a 1031 tax deferred exchange. Moore has represented these clients on multiple transactions. The buyer was represented by Angelo La Bruna of ARG.
The 1979 property consists of eight 2bd/1ba units and one 1bd/1ba unit. There are fourteen parking spaces and onsite laundry. The seller has done many upgrades upon turnover. There is rent upside potential by making additional upgrades to the property.
ACI is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions, and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined. Please visit us online at www.aciapartments.com