CBRE arranged the $26.5-million sale of La Roca Plaza, a 100-unit multifamily property located at 10032 N. Magnolia Ave. in Santee. Casa La Roca Apartments LLC acquired the property from La Roca Plaza LP. CBRE’s Conor Brennan and Rachel Parson represented both buyer and seller.

“The sale of La Roca Plaza offered an exceptionally rare opportunity in today’s market, as only three multifamily communities with more than 100 units were available for sale in all of San Diego County,” said Brennan. “This well-maintained, income-producing property features a strong unit mix and proven rentability. It is well-positioned to deliver durable cash flow and compelling long-term appreciation for the new ownership.”

Situated on 4.62 acres, La Roca Plaza offers a mix of one-, two- and three‑bedroom floorplans. Community amenities include a pool, playground, central courtyard, on-site laundry, high-speed internet access, and 154 off‑street parking spaces.

Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers — For the ninth year in a row, Connect CRE will spotlight the industry’s top brokers based on the past year’s achievements. Click here to submit your nominations.