EL CAJON, CA—Colliers International of San Diego has concluded sale of an 11-unit residential, gated property, located at 288 Orlando Street in El Cajon for $1,200,000 or approximately $109,091 per unit. Built in 1978, the unit mix is comprised of 10-2BR/1BA and 1-3BR/2BA. JP Morgan Chase Bank provided a loan of $600,000.
Peter Scepanovic and Corey McHenry of Colliers International represented the seller, OEC Property, LLC. and the buyer, Patrick J. Weisenberger, was represented by Joe Siemienowski of Siemienowski & Associates.
According to Peter Scepanovic of Colliers International, “This property represents an excellent rental investment, and we continue to see multi-family properties in the San Diego area continue to attract long term investors.”
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