El Cajon Apartment Property Sells for $8.9 MillionTuesday, February 11, 2014
San Diego-based A Woods LLC has purchased the 60-unit Amber Woods Apartments in El Cajon for $8.9 million, according to CoStar Group and public data.
The seller of the property, at 420-470 Jamacha Road, was Meagher Family Trust of Encinitas. William Anderson and Matthew Brothers, of brokerage firm ACRE Investment Real Estate Services, represented the buyer and seller.
The property was built on 2.7 acres in 1984 and was fully leased at the time of the sale.
The buyer is a California limited liability company, with Rizwan and Homaira Danish as general partners, according to a statement from ACRE.