Community Preservation Partners Acquires Multifamily Property In El Cajon For $9M

Anand Kannan represented Community Preservation Partners (CPP) in the purchase of a multifamily property located at 260-280 W Park Ave in El Cajon. The transaction took place on 09/06/2022, with the property being sold for $9,000,000. The asset consists of 38 units, resulting in a price per unit of $236,842.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Address: 260-280 W Park Ave, El Cajon
• Market: El Cajon
• Buyer: Community Preservation Partners (CPP) - Anand Kannan
• Units: 38
• Price per Unit: $236,842

Anand Kannan, representing CPP, successfully closed the deal on this multifamily property. The acquisition by CPP highlights their commitment to investing in the El Cajon market and their expertise in property management and preservation. This transaction further strengthens their portfolio and aligns with their vision of providing quality housing options in the community.