JLL Facilitates Sale of Dylan Point Loma in San Diego
- Aug 15, 2016
By Jeffrey Steele, Contributing Editor
San Diego, Calif.–JLL’s Capital Markets experts have facilitated the sale of Dylan Point Loma, a newly constructed 180-unit luxury multifamily property in coastal San Diego.
Located at 2930 Barnard St., Dylan Point Loma features a mix of one-, two- and three-bedroom apartments, as well as three-bedroom townhouses. Residences range in size from 824 to 1,876 square feet.
Situated minutes from the crossroads of I-5 and I-8, the community is a gated property with luxury features and finishes and upscale amenities. Inside each unit, renters will find wood plank-style flooring, Whirlpool stainless steel appliances, washers and dryers, central heating and air conditioning, above-average ceiling heights and high-speed Internet access. Gourmet kitchens offer microwave ovens, quartz countertops and tile backsplashes, and select units provide garage parking.
Among Dylan Point Loma’s premium amenities are a saltwater pool encircled by cabanas, a 6,000-square-foot clubhouse, a state-of-the-art fitness center, a business center, a spa, a game lounge with high-definition televisions, a volleyball court, a dog park with a dog wash station, and controlled access.
Rental rates range from $2,411 to $4,257 per month.
The community offers convenient access to such area attractions as the Moreno Plaza Shopping Center, University of San Diego Professional and Continuing Education, SeaWorld San Diego, Mission Beach, Tecolote Canyon Natural Park and Nature Center, Presidio Park, Riverwalk Gold Club and Sam Snead All American Golf Course.
A LaSalle Investment Management fund purchased the community. Executive Vice President Darcy Miramontes and Vice President Kip Malo led the JLL team on the sale.
Tight market conditions and a constrained pipeline are combining to make the multifamily sector in San Diego an exceptionally sound investment, JLL believes.
“Dylan Point Loma represents the first new development in Point Loma in 30 years,” Miramontes said. “Brand-new, coastal construction of this caliber is extremely rare in this market, which made this asset a solid investment for years to come.”