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Friday, Feb 3, 2023
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$19M Paid for El Cajon Apartment Complex

An El Cajon apartment complex has been sold for $19 million.

The buyer of Villa Grand Apartments, 1360 E. Madison Ave., was not disclosed.

The seller was 1360 E Madison, LLC.

Peter Scepanovic and Corey McHenry of Colliers International represented the buyer.

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Coldwell Banker Commercial represented the seller.

The 64,900 square-foot complex has 110 apartments in a mix of one-bedroom and two-bedroom units on a nearly 4.6-acre site.

Amenities include a pool and spa and a clubhouse.

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