A 92-unit condominium advanced in El Cajon has been bought for $24.8 million, based on a business actual property brokerage.
Colony Court docket, on Shady Lane, has 28 one-bedroom models, 44 two bedrooms and 20 three bedrooms.
Austin Ray Huffman, senior companion, and Christopher J. Zorbas, govt managing director of Zorbas, Huffman & Companions, each in Marcus & Millichap’s San Diego Del Mar workplace, represented the vendor, the Mary Susan Curry 2020 Revocable Dwelling Belief.
The customer, IEC Companions, LLC, an affiliate of Interstate Equities Company, additionally was represented by Huffman and Zorbas.
Frequent-area facilities embody a pool and sundeck, landscaping, a number of courtyards, picnic areas with barbecues, onsite laundry and ample off-street parking for tenants.
The customer intends on making “strategic enhancements” to the group, based on Marcus & Millichap (NYSE: MMI).
The brokerage agency focuses on funding gross sales, financing, analysis and advisory companies.