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Thursday, Oct 6, 2022
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Apartment Complex Sold For $2.2M

A Madison Avenue apartment complex has been sold for nearly $2.2 million.

The complex at 3053-3069 Madison Ave., has nine apartments ranging in size from 550 square feet to 900 square feet.

The buyer was Sea Shell 1031, LLC.

The seller was the John R. Groebli and Jeannie K. Groebli Revocable Trust of San Diego.

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Dylan E. Wright and Chris J. Sarver of ACRE Investment Real Estate Services represented the buyer.

Norm Root of ACI Apartments represented the seller.

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