SAN DIEGO, CA - Colliers International San Diego Region announces the sale of the Villa Grande Apartments, a 110-unit multi-family property in East San Diego County’s El Cajon neighborhood, for $19,000,000.
Peter Scepanovic and Corey McHenry of Colliers International’s Multi-Family Advisory Team represented the undisclosed buyer. Coldwell Banker Commercial represented the seller, 1360 E Madison Avenue, LLC.
“The Villa Grande Apartments is a unique investment opportunity of a larger multi-family asset in the heart of East San Diego County,” said Scepanovic. “The property features a clubhouse, pool and spa, making it an excellent value-add opportunity and a rare find.”
The Villa Grande Apartments, which totals 64,900 square feet of buildings on a 4.55-acre parcel, is located at 1360 E Madison Avenue, El Cajon, CA. The community is comprised of one- and two-bedroom units.
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