61.6 F
San Diego
Monday, Jun 5, 2023
-Advertisement-

Lakeside Apartment Property Sells for $16.75 Million

The Apartment Co. of Encinitas has acquired the 94-unit Marilla Sundance apartment complex in Lakeside for $16.75 million, according to brokerage firm Institutional Property Advisors (IPA).

The seller of the property, at 9648 Marilla Drive, was MG Properties of San Diego, represented by Stewart Weston, Alexander Garcia, David Sperling and John Montakab of IPA, a division of Marcus & Millichap.

The property was built in 1985. IPA senior director Christopher Zorbas said in a statement that the seller upgraded some unit interiors to achieve “meaningful rental premiums,” and more renovations are expected under the new ownership.

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-