In Q2 2021 Pacific Sands Funds closed escrow on the Mercier Apartment project for $1,850,000. Mercier is a 16-unit apartment property that is located within 1.25 miles of both the Plaza Area and Westport. The target demographic is young working professionals that desire to be close to the bars and restaurants in the Plaza/Westport districts
The property stands to benefit from $650,000 in capital improvements, which will consist of interior upgrades to all of the units, refreshed exteriors, a new back parking lot, and two added basement units (for a total of 18 units).