Marcus & Millichap Closes Multifamily Sale in San Diego’s College East
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. San Diego life sciences vacancy remains the lowest in the major life-science clusters, and multifamily fundamentals continue to be supported by a coastal supply ceiling. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 19th San Diego story tracked on the wire in September 2026. All San Diego coverage →
- Disclosed multifamily deal value tracked in September 2026: $7.9B across 91 reported transactions. All Multifamily coverage →
- 153 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
Marcus & Millichap closed the sale of The Molokai Apartments, a 39-unit multifamily property in San Diego. The property sold for $11.2 million, or $287,179 per unit. “The property received a tremendous amount of atten…
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