NorthMarq arranges sale of North Winds Apartments in El Cajon, California

North Winds Apts

Investment Sales - Multifamily

Multi-Tenant

SAN DIEGO, CALIFORNIA (October 8, 2021) – The San Diego Investment Sales team consisting of Erik Anderson and Kyle Pinkalla, arranged the $4.425 million sale of North Winds Apartments. The 20-unit multifamily property is located at 340 Orlando Street in El Cajon, CA. Anderson and Pinkalla represented the buyer in this transaction, Cole Silverman and Carson Trujillo of Marcus & Millichap represented the seller.

“This asset was a natural fit for our buyer’s portfolio as it is positioned to continue to benefit from strong rent growth and low vacancy,” said Anderson. “This is one of five buildings that we will assist the buyer in purchasing in El Cajon this year alone. We are excited to be part of their growth in San Diego, and North Winds is a perfect fit for their business plan."

The property was purchased from Sommerset Villas Properties, LLC, and the buyer is 340 Orlando St, LLC.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.