RIVERSIDE, CA-Pacifica Hospitality Group of San Diego has acquired the 12unit Mission Grove Garden Apartments from L.A.-based Jamco Holdings Corp., according to Grubb & Ellis. John Daciolas and John Kalmikov of the Ontario office of Grubb & Ellis report that the 120-unit, 12-building apartment complex was 99% occupied at the time of the sale. The property, at 200 E. Alessandro, was built in 1989. Daciolas and Kalmikov represented the buyer and the seller in the transaction.

In another Inland Empire deal, a Palm Springs-based private investor purchased Coral Isle, a nine-acre mobile home park at 9426 Tamarisk Ave. in Hesperia, for $2.8 million. The 70-space park was built in the late 1960s and was 100% occupied at the time of sale. Jason Phillips of the Ontario office of Grubb & Ellis represented the buyer, with the seller, the Keith Group LLC of Burbank, represented by Dan Dickson of the G&E Ontario office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.