Apartment Sale Sets National City Record for Pricing
Northmarq’s San Diego Investment Sales team of SVPs Erik Anderson and Benn Vogelsang arranged the $3.836-million sale of the 16-unit E Avenue Apartments in National City. The property sold at $699 per square foot, setting a record for highest price per square foot in this southwestern San Diego County city.
Anderson and Vogelsang represented the undisclosed private seller in the transaction. Casa Familiar, LLC acquired the asset.
“We were able to drive significant value by highlighting the unique construction type and cottage-style layout of the property,” said Anderson. “Ultimately, our marketing process delivered a rock-solid local buyer that paid the highest price per square foot in National City history.”
The property is located at 1019-1049 E Avenue in National City and consists of all one-bedroom/one-bath, 343-square-foot., single-story units.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).