San Diego Business Journal

Vista Apartment Property Sells for $11.3M

Friday, April 5, 2013

An Encinitas-based partnership has purchased The Meadows Apartments in Vista for $11.3 million, according to data from CoStar Group.

The buyer of the 86-unit community was The Meadows Apartment Homes LP, a California limited partnership. The seller was MG Properties Group of San Diego, represented by brokerage firm CBRE.

The 85,200-square-foot property was built in 1970 on 6.15 acres at 1110-1150 Meadowlake Drive. The community last sold for $9.35 million in 2003, according to CoStar Group.

— SDBJ Staff Report