$19M El Cajon Multifamily Sale At 1360 E. Madison Ave. By Colliers Intl

The multifamily property located at 1360 E. Madison Ave. in El Cajon has been sold in a recent transaction. The property consists of 110 units with a total of 64,900 square feet. The sale price for this asset was $19,000,000, resulting in a per unit price of $172,727. The price per square foot is estimated to be $292.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Address: 1360 E. Madison Ave.
• Market: El Cajon
• Units: 110
• Price per Unit: $172,727
• Square Feet: 64,900
• Price per Square Foot: $292

The seller of the property was 1360 E. Madison Avenue LLC. The transaction was facilitated by brokers Peter Scepanovic and Corey McHenry from Colliers International and Coldwell Banker Commercial, respectively.