EL CAJON, CA-CBRE has closed the sale of an affordable housing scheme in El Cajon. Highland Property Development has paid $15.25 million for the 132-unit housing project situated at 380 Mollison Ave.
Key Largo Partners Ltd. was the seller of the 105,098-square-foot property. Highland Property Development has plans to spend $5.5 million towards capital improvement of the complex. CBRE negotiated the deal on behalf of Key Largo Partners. For the full story, go to The San Diego Metropolitan .
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