Sunset Cliffs has Strong Leasing Fundamentals in Thriving Vista

A recent acquisition made for a good addition in diversifying Dunbar Residential Investments LLC’s real estate portfolio. Sunset Cliffs Apartments in Vista, CA were acquired for $13.6 million.

The buyer was Orange County-based Dunbar and the seller was Appian Lane Associates LP. Mark Bridge and Jon Mitchell with Cushman & Wakefield in Orange County represented both buyer and seller in the transaction.

“This is an attractive North San Diego property with strong leasing fundamentals and situated in a thriving Vista community that continues to grow and develop many new activities, attractions and cultural activities,” said Bridge.

The 52-unit gated apartment community comprises 11 buildings consisting of a mix of single-story cottage and two-story townhome style units.

Located at 180-200 Terrace Dr. and originally built in 1987, Sunset Cliffs Apartments sits on a 4.06-acre lot in a private gated setting. The location is near the intersection of South Santa Fe Avenue and Civic Center Drive with access to Highway 78, midway between Interstates 5 and 15.