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

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.