TFT Capital I Acquires Villa Capri Apartments From Mary Susan Curry Trust For $13.25M

The 59-unit Villa Capri Apartments, located at 229 Shady Lane in El Cajon, CA, was sold for $13.25 million, equating to $224,576 per unit. The property spans 1.68 acres and has a total square footage of 48,150, with a price per square foot of $275.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $13,250,000
• Buyer: TFT Capital I
• Seller: Mary Susan Curry 2020 Revocable Living Trust
• Brokers: Austin Ray Huffman & Christopher Zorbas - Marcus & Millichap
• Units: 59

TFT Capital I plans to renovate the property, which was originally built in 1969. Austin Ray Huffman and Christopher Zorbas, representing the seller, played a vital role in the transaction by procuring the buyer through Marcus & Millichap.