An Escondido apartment complex has been sold for $8.3 million.
La Serena Apartments, 345 E. Park Ave., was acquired by Walz Properties from SHS Development Corp.
Representing both parties from the San Diego offices of Marcus & Millichap were Senior Managing Director Christopher J. Zorbas and Investment Associate Austin Ray Huffman.
The complex has 37 apartments that average 760 square feet.
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Walz Properties in December acquired Mission Grande apartments, 455 E. Washington Ave., for $9.2 million.
Real estate reporter Ray Huard may be reached at rhuard@sdbj.com or 858-277-8904.
