Scott Maddux's Sunstone Two Tree Acquisitions LLC Purchases Terraza Hills Apartments In El Cajon For $45M

The property asset involved in the transaction is the Terraza Hills Apartments, a multifamily property located at 425 East Bradley Avenue in El Cajon, CA. The asset consists of 200 units, with a price per unit of $225,000, totaling a sale price of $45,000,000. This multifamily investment demonstrates investment activity in a competitive market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Units: 200
• Price Per Unit: $225,000
• Buyer: Scott Maddux - Sunstone Two Tree Acquisitions LLC
• Seller: Terraza TI CI LLC
• Brokers: Edward Rosen, Tyler Sinks & John Chu - NorthMarq

This deal was facilitated by Northmarq’s San Diego Multifamily Investment Sales team, effectively representing the seller, Terraza TI CI LLC. The transaction illustrates the ongoing investor interest in value-add multifamily assets within San Diego County, despite prevailing economic uncertainties.