May 10, 2016
JLL’s Capital Markets team represented Fowler Property Acquisitions and PCCP, LLC in the sale of Estancia Apartments in Escondido, CA. Vista International, Inc. purchased the 100-unit property at 725 N. Fig Street for $16.5 million.
The apartment community, which offers two- and three-bedroom units, is situated less than a mile away from downtown Escondido, which is full of nightlife, art galleries, theaters and restaurants. With immediate access to Interstate 15 and Highway 78, the property has a lot to offer to its residents.
JLL’s Executive Vice President Darcy Miramontes and Vice President Kip Malo represented the seller. Miramontes said, “The new owner has the opportunity to achieve significant upside with a strategic renovation program.”