Providence City Plaza Apartments II LLC Acquires Multifamily Property In Escondido For $25M

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.