Providence City Plaza Apartments II LLC Acquires Escondido Property For $25 Million With Corey's Brokerage

The property involved in this transaction is an apartment building located at 300 S Escondido Blvd, Escondido, CA. This asset was sold for $25,000,000 and encompasses 63,729 square feet. Built in 2018, the property features 56 residential units, which include a mix of one- and two-bedroom layouts. Additionally, it provides ground-floor retail space and has 126 subterranean parking spaces.

Summary of transaction details:

• Property Type: Apartment Building
• Transaction Amount: $25,000,000
• Square Footage: 63,729
• Address: 300 S Escondido Blvd, Escondido, CA
• Market: Escondido
• Buyer's Representative: Corey McHenry-Colliers International
• Buyer: Providence City Plaza Apartments II LLC
• Seller: Escondido Apartments Investment LLC

In this deal, Corey McHenry and Peter Scepanovic of Colliers represented the buyer, Providence City Plaza Apartments II LLC. The seller for this transaction was Escondido Apartments Investment LLC.