
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.
- ◦Sale/Acquisition