Mark Gleiberman Of MG Properties Sells Canyon Villa Apartments In Chula Vista For $73.75M

The Canyon Villa Apartments, a multifamily asset consisting of 183 units, is located at 601 Telegraph Canyon Road in Chula Vista. The complex was sold for $73.75 million, translating to approximately $403,005 per unit. Originally built in 1981, the property was acquired by MG Properties in 2016 for $45.5 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $73,750,000
• Units: 183
• Price Per Unit: $403,005
• Seller: Mark Gleiberman - MG Properties
• Broker: Northmarq

Mark Gleiberman represented MG Properties in the sale of the property. Northmarq acted as the broker for this transaction. The buyer in this deal remains undisclosed.