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Thursday, Mar 28, 2024
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National City Senior Apartments Sold For $22.1M

A National City senior housing project has been sold for $22.1 million.

Southern Highlands Independent Senior Living, 2525 Highland Ave., was acquired by Lincoln Avenue Capital LLC with offices in Los Angeles and New York.

The company plans to renovate the interior and exterior of the property.

The seller was Shefflin Investments of Montecito.

The transaction was brokered by Kyle Pinkalla and Shane Shafer of NorthMarq

The three-story building was built in 1999.

It has 151 apartments in a mix of studios and one-bedroom units.

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