EL CAJON, CA-CoStar Group reported that Key Largo Apartments, a 132-unit complex in El Cajon, has changed hands for $15.25 million. Arcadia-based Highland Development LLC has bought the apartment complex located at 380 N. Mollison Ave. from San Diego-based Key Largo Partners Ltd.
The property, constructed in 1970, sits on a 4.6-acre land. Highland Development is planning to spend roughly %5.8 million on renovations. CBRE represented the seller, while the buyer had in-house representation in the deal. For the full story, go to San Diego Business Journal .
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