Subsidiaria De Santa Jacinto LLC Acquires Escondido Multifamily For $34.7M

The multifamily property located at 1920, 1960 E. Grand Ave in Escondido has been sold for a price of $34,700,000. The transaction took place on April 20, 2020. The property consists of 137 units and spans a total of 86,748 square feet. The price per square foot for this transaction was $400, resulting in a price per unit of $253,285. The buyer of the property was Subsidiaria de Santa Jacinto LLC, while the seller was Clear Sky Escondido LP. The deal was facilitated by Peter Scepanovic and Corey McHenry from Colliers International.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $34,700,000
• Date: April 20, 2020
• Address: 1920, 1960 E. Grand Ave
• Market: Escondido
• Size: 86,748 square feet
• Price per Square Foot: $400
• Units: 137
• Price per Unit: $253,285
• Buyer: Subsidiaria de Santa Jacinto LLC
• Seller: Clear Sky Escondido LP
• Brokers: Peter Scepanovic & Corey McHenry - Colliers International

The involvement of Peter Scepanovic and Corey McHenry from Colliers International in this transaction highlights their role as brokers representing the buyer and seller respectively. Subsidiaria de Santa Jacinto LLC acquired the property from Clear Sky Escondido LP, marking a significant real estate deal in Escondido's multifamily market.