CBRE Arranges $14.425 Million Sale of The Flats

CBRE facilitated the $14.425 million sale of The Flats, an 18-unit multifamily community with two ground-floor retail spaces located at 1931 South Coast Highway in Oceanside, Calif. Dan and Cynthia Kronemyer Family Trust acquired the property.

CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling represented FABRIC in the sale. Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust in the acquisition.

“The Flats is a recently delivered coastal multifamily property with modern finishes, ground‑floor retail, and a location that continues to see steady demand,” said Parsons, executive vice president. “Newly built assets of this scale and proximity to the beach are limited in North County, offering investors immediate strong in‑place income along with the potential for long‑term appreciation.”

Completed in 2024, The Flats consists of 18 one‑ and two‑bedroom floorplans and 2,785 square feet of street‑front retail. Residential interiors include 10-foot to 17.5-foot ceiling heights, custom cabinetry, quartz countertops, Samsung appliances with Bosch cooktops, and in‑unit washer and dryers. Units also feature oversized balconies, with select residences offering ocean views.

The property is located near the Carlsbad Village corridor and provides convenient access to Interstate 5 and State Route 78, offering connectivity throughout North San Diego County.