Multifamily - Sale


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

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. 

 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.