February 21, 2020 Comments Off on Walz Buys Escondido Multifamily for $8M Views: 494 California News, San Diego

Walz Buys Escondido Multifamily for $8M

Order Reprints...

San Diego-based Walz Properties has purchased the La Serena apartments for $8.3 million from SHS Development. Located at 345 E. Park Ave. in Escondido, CA, the property totals 37 units. Walz plans to engage in a strategic improvement program at the property, including interior and exterior enhancements.

This is the second trade from SHS to Walz in recent months, with Walz acquiring the 41-unit Mission Grande apartments in December of last year.

Marcus & Millichap’s Christopher Zorbas and Austin Ray Huffman represented SHS in the sale. This was the last in a series of six apartment sales completed by the duo for SHS in the San Diego region, including a sale of two properties to Horizon Capital Management earlier this month.

Connect With MMI’s Zorbas

Connect With MMI’s Huffman

Get CRE News in 150 words

For comments, questions or concerns, please contact Chris Egger

Tags: , , ,

Comments are closed.

Send this to a friend