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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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
