Limited Partnership Investment Opportunity

The Hexagon Apartments
San Diego County, California

National City, CA – Atlas Limited Partnerships LLC (an affiliated company of Atlas Commercial Capital, Inc.) is pleased to offer accredited investors a passive investment opportunity in The Hexagon Apartments.  

The Hexagon is a genuinely signature asset located in one of California’s most desirable urban areas.  This property will be marketed as a 55+ Active Senior Apartment Building and is located within a short 10-minute drive from Downtown San Diego.

This is an institutional quality six-story Class A steel and concrete building that contains approximately 162,000 sq.ft.  It is under construction and is currently 90% complete with Certificate of Occupancy expected by YE 2022.

The property is comprised of 126 market-rate units, a manager’s unit, 147-car gated parking garage, and significant amenity areas. The amenity areas will include a fitness center, movie theater, meeting rooms, interior and exterior seating areas and a bistro or market.

Not included in the building area is a rooftop amenity area that is approximately 20,500 square feet of space with sweeping views of the San Diego skyline and bay. Currently, plans are for a gazebo with seating area, but the array of possible amenities for the rooftop is endless.

The market potential for the units is excellent, with area market-rate occupancy consistently above 98%.  The Management Company’s pre-leasing efforts confirmed the demand for these units.

LP Investment

Property Location:

The Hexagon Apartments

625 South V Avenue, National City, CA 91950

LP Investment

Desirable Location

San Diego County is considered one of the most desirable places to live in the U.S. due to its warm year-round climate, fine dining options and cultural and outdoor activities.

It is within walking distance of a major hospital and medical-related offices.  This will be a major benefit and significant leasing factor for the residents.

Within minutes of the major roadways and is less than a 10-minute drive to downtown San Diego.

Supply Constrained

The San Diego area is a supply-constrained market for Senior Housing and Market Rate Properties with significant barriers to entry.

San Diego has only built approximately 5,200 units per year in the past three years, far below the numbers needed to match demand.

The barriers to entry are very constrained to building a similar properties that would compete directly with the subject property for the foreseeable future.

Hexagon Apartments

LP Investment

Lease-up Projections

San Diego County, specifically National City, has close to 100% occupancy in conventional and senior 55+ apartment properties. Preliminary marketing resulted in over 100 qualified resident inquires.

Lease-up is expected to take between 90 to 180 days from Certificate of Occupancy.

Conservative Projections

The offering to investors was underwritten with modest future rent increases while accounting for the inflationary cost of expenses.

Room For Growth

The original plan for this property was to make it into a market-rate 55+ community. However, spaces were included in the plans for additional amenities, which could significantly increase NOI and overall asset performance.

San Diego at a Glance

There aren’t many places in the United States that can beat San Diego for retiring regarding comfort, lifestyle, health, and fun things to do.

Top 10

Fittest City

American Fitness Index


Healthest City

Times of San Diego


Most Fun City to Live in



Most Comfortable Summer Cities


Best Rested

    Would you like additional information?