Northmarq’s San Diego Multifamily Investment Sales team of Tyler Sinks, Ed Rosen and John Chu brokered the $12.75-million sale of The Charmer, an urban, mixed-use community located in the Mission Hills neighborhood of San Diego. Northmarq represented the seller, Charmer LLC. The buyer was Monro Capital Real Estate Fund.
“The sale of The Charmer represents the strong demand for well-located core assets that provide attractive risk-adjusted returns,” said Sinks. “The Charmer is a trophy asset and received a lot of interest from investors looking for an attractive long-term investment.”
Built in 2011 and located at 1737 Chalmers St., The Charmer includes 19 luxury apartment homes, two live-work lofts and three commercial units developed by one of San Diego’s most renowned architects, Jonathan Segal. It offers loft-style floor plans with outdoor space, including private patios and gardens.
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