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Mission redevelopment site sells for $4M an acre

Single-tenant property offers steady holding income
7521-briskham-street-mission
A single-tenant daycare facility with future development potential at 7521 Briskham Street, Mission, sold Oct. 31 for $1.1 million.

DEAL | A 2,237-square-foot single-tenant daycare facility leased by international daycare operator Kids & Company at 7521 Briskham Street, Mission, sold Oct. 31 for $1.1 million. Situated on an 11,972-square-foot lot designated for Attached Multi-Unit Residential in the Mission OCP, the property presented an opportunity to acquire future multifamily development capacity with steady holding income in place. Sold for less than the asking price of nearly $1.2 million, the final price averaged $4 million an acre.

PRICE | $1,100,000

FROM | Joey Yoo, Marcus & Millichap