Photo courtesy of CBRE Group Inc.

Photo courtesy of CBRE Group Inc.

Vista International of Monterey has purchased the 41-unit Grand Villa Apartments in Escondido for $6.96 million, according to brokerage company CBRE Group Inc.

The seller of the property, at 1960 E. Grand Ave., was Perry Tempel of San Diego, represented by CBRE’s Merrick Matricardi, Eric Comer and Jim Neil. The buyer represented itself.

The property was originally built in 1977 and recently refurbished.