Lee San Diego Represented the Seller of a 132K SF Lot with 75 Apartments for $9.6M in El Centro, CA

An El Centro apartment complex was sold for $9.6 million in a deal brokered by San Diego commercial real estate agents.

Imperial Properties LLC, represented by Ricardo Lopez of ACI Apartments, bought the 71,250 square-foot complex at 699 Wake Ave.

Built on a 131,986 square-foot lot with 75 apartments in seven two-story buildings, the complex was sold by Villas Bonitas LLC represented by Steve Willmore and Erik Faucett of Lee & Associates.

The property has 16 one-bedroom, one bathroom apartments average 730 square feet, seven two-bedroom, two-bathroom apartments averaging 920 square feet, 26 two-bedroom, two-bathroom apartments averaging 960 square feet, 26 two-bedroom, two-bathroom apartments averaging 990 square feet, and nine three-bedroom, two-bathroom apartments averaging 1,130 square feet.

The complex also has 75 carports and 51 surface parking spaces. Each apartment has a washer/dryer, balcony or patio and HVAC. Other amenities include a gym, recreations room, pool, spa, playground area, BBQs and large patio.

Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on FacebookLinkedInTwitter, and Link, our company blog.