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5074 Madison Avenue
FINANCED

Pace Properties Refinances The Madison Apartments In San Diego For $2.53M

5074 Madison Avenue

MultiFamily
clock iconFinanced 43 days ago
Christopher (Chris) Collins
Emily Pohlman
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Summary

Loan
CALIFORNIA
MultiFamily

The Madison Apartments is a 12-unit multi-housing community located at 5074-5084 Madison Avenue in San Diego, California. The property, owned by Pace Properties and recently renovated, offers modern amenities and convenient access to public transportation, making it a desirable choice for tenants in the East County submarket near San Diego State University.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,530,000
  • Units: 12
  • Address: 5074-5084 Madison Avenue
  • Market: San Diego
  • Landlord: Pace Properties
  • Brokers: Christopher Collins & Emily Pohlman - JLL
  • Loan Type: Refinance
  • Loan Terms: Three-year, fixed-rate

JLL Capital Markets facilitated the $2.53 million refinancing for The Madison Apartments on behalf of Pace Properties. The brokerage worked with brokers Christopher Collins and Emily Pohlman from JLL to complete the transaction, ensuring a successful refinancing deal for the 12-unit multi-housing community in San Diego, California.

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Christopher (Chris) Collins's profile picture
Christopher (Chris) Collins
JLL-image
Director
$8.5M Sold

Details

Deal Summary
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FINANCED
IMAGE: 05/31/2024 ADDRESS: 5074-5084 Madison Avenue MARKET: San Diego ASSET TYPE: Multifamily ~ UNITS: 12 LANDLORD: Pace Properties BROKERS: Christopher Collins & Emily Pohlman - JLL LOAN AMOUNT: $2,530,000 LOAN TYPE: Refinance LOAN TERMS: three-year, fixed-rate NOTE: JLL Capital Markets has facilitated a $2.53 million refinancing for The Madison Apartments, a 12-unit multi-housing community in San Diego, California, on behalf of borrower Pace Properties. The newly renovated property, located in the East County submarket near San Diego State University, offers modern amenities and convenient access to public transportation, enhancing its appeal to tenants in the area.

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Address5074 Madison Avenue

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