SAN DIEGO—CBRE San Diego hasarranged the acquisition of Village Grove Apartments in Escondido for $15.7 million. Located at 660 North Quince Street, the 161-unit property was 97 percent occupied at the time of sale.
The CBRE San Diego multifamily team of Jim Neil, Eric Comer and Merrick Matricardi made the deal.
Built on 3.81 acres in 1987, Village Grove Apartments consists of eight two-story buildings totaling 96,000 square feet. The gated community has a mix of 160 one-bedroom units and 1 two-bedroom unit and features a swimming pool, clubhouse and private yards and patios.
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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.
