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Marcus & Millichap Arranges $7M Sale of Santee Apartment Complex

Marcus & Millichap Arranges $7M Sale of Santee Apartments

Marcus & Millichap’s Aaron Bove, senior managing director investments at the firm’s San Diego Del Mar office, procured the personal trust buyer in the $7 million sale of a 10-unit apartment building in Santee, CA. The seller was Responsible Residential, a San Diego-based development company focused on build-to-rent communities.

“We are very proud of our build-to-rent townhome community,” said Bryan Underwood, Principal of Responsible Residential who developed the project. “The most difficult part is getting the project to the finish line. We were thankful to partner with Marcus & Millichap to bring a quality buyer to the table.”

Located at 9260 East Heaney Circle, the Carlton Oaks community consists of 10 townhomes in a pair of three-story buildings separated by a private road accessing each unit’s two-car garage. The identical floor plans in each unit offer about 1,500 square feet of living space.

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Marcus & Millichap San DiegoResponsible Residential

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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