Maxwell Brown Of Commercial Asset Advisors Represents Buyer In 40-Unit Multifamily Sale For $12M In El Cajon

The multifamily property located at 215 Lincoln Avenue in El Cajon features 40 units and was sold for $12,000,000. The price per unit amounted to $300,000. The transaction reflects a 5.5% in-place cap rate and a projected Year-1 cap rate of 6.25%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Units: 40
• Price Per Unit: $300,000
• Market: El Cajon
• Buyer's Representative: Maxwell Brown - Commercial Asset Advisors (CAA)
• Seller's Representative: Dave Plutner - DP Properties

The transaction was executed with Maxwell Brown representing the buyer from Commercial Asset Advisors (CAA) and Dave Plutner representing the seller from DP Properties.