CBRE Arranges Sale of Sixth & G and Seventh & G

CBRE negotiated the sale of two multifamily communities in downtown San Diego. CBRE's Rachel Parsons, Derrek Ostrzyzek, Mike Murphy, Chris Tresp and Kenji Thomas represented the seller in selling Sixth & G and Seventh & G to Pacific Urban Investors.

“The portfolio sale represents two of only sixteen properties over 100 units sold in San Diego County in 2024. Investors were drawn to the G Street Offering due to its exceptional location in the heart of Downtown’s Gaslamp District, San Diego’s entertainment capital. The offering provided two core-plus buildings located only half block apart, with incredible synergies and a value-enhancement story.

We remain extremely enthusiastic about the future and growth of Downtown San Diego – fueled by the continued success of the San Diego Padres and Gallagher Square, the exciting plans for Gaslamp Promenade and continued strong retail absorption throughout Downtown – all of which provide for strong residential demand which ultimately positions this dynamic market for long-term success,” said Parsons, executive vice president at CBRE.

Both properties were completed in the late-2000s. Sixth & G features studio, one-, two- and three-bedroom floorplans, averaging 697 sq. ft. Each of the 106 units' interiors has floor-to-ceiling windows, an inspired kitchen, hardwood-style flooring and washer and dryers. The property features a club room, an indoor/outdoor fitness center and 10,797 sq. ft. of retail space, including Ace Hardware and Fig Tree Café.

Seventh & G, located on G Street between Seventh and Eighth Avenue, features 145 units with floorplans ranging in size from live-work lofts, studio, one-, two- and three-bedroom and averaging 686 sq. ft. The community includes a Courtyard sun deck, a fully equipped fitness center and 6,490 sq. ft. of retail space. Seventh & G features some of San Diego’s most popular restaurants – Neighborhood, Noble Experiment, Young Blood and Breakfast Republic.