Updated Oct 12, 2026
The Allstate Corporation And TruAmerica Multifamily Acquire MultiFamily Asset In Escondido For $90M
1501 E Grand Ave
$90,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2017
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 1501 E Grand Ave, Escondido. The transaction was completed for a total price of $90,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $90,000,000.00
- Address: 1501 E Grand Ave
- Market: Escondido
- Buyer: The Allstate Corporation and TruAmerica Multifamily, Inc.
- Broker: Derrek Ostrzyzek (CBRE)
Key individuals involved in this transaction include The Allstate Corporation and TruAmerica Multifamily, Inc. as the buyers, with Derrek Ostrzyzek from CBRE serving as the broker representing the transaction.
On the Map
$90,000,000
MultiFamily
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Players
Escondido MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93