Providence City Plaza Apartments II LLC Acquires Multifamily Property In Escondido For $25M
SOLD
$25,000,000
California
See Similar DealsMultiFamily63,279 SF
Sold 05/04/2022
SOLD
Providence City Plaza Apartments II LLC Acquires Multifamily Property In Escondido For $25M
300 Escondido Boulevard, Escondido, California 92025, United States
See Similar DealsMultiFamily63,279 SF
Sold 05/04/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:63,279 SF
Transaction Type:Sale
A multifamily property located at 300-330 S. Escondido Blvd. in the market of Escondido has been sold for a price of $25,000,000. The property consists of 56 units, with an average price per unit of $446,428. The total square footage of the property is 63,279, resulting in a price per square foot of $395.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Address: 300-330 S. Escondido Blvd.
- Market: Escondido
- Units: 56
- Price per Unit: $446,428
- Square Footage: 63,279
- Price per Square Foot: $395
The buyer of the property is Providence City Plaza Apartments II LLC, while the seller is Escondido Apartments Investment LLC. The deal was facilitated by Peter Scepanovic and Corey McHenry of Colliers, representing both the buyer and the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
Is there something missing? Send suggestions