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City Plaza

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Newly-Built Multifamily Complex Sells for $25M in Escondido

City Plaza, a four-year-old, 56-unit apartment building has been sold by Escondido Apartments Investment LLC for $25 million or $446,000 per unit. Colliers’ Peter Scepanovic and Corey McHenry represented the buyer, Providence City Plaza Apartments II LLC.

The complex is located at 300 S. Escondido Blvd. in Escondido, CA just blocks away from the downtown area and along the Interstate 78 corridor in North San Diego County. The mixed-use property features one- and two-bedroom units above the first floor commercial space and includes subterranean parking.

City Plaza is located within walking distance of several restaurants, and close to public transit, schools, parks and retail as well. Escondido has quickly become one of San Diego’s popular move-in submarkets, as it remains accessible to all income levels.

By: Mark Nieto


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Peter Scepanovic

Executive Vice President

Carlsbad

Peter specializes in the sale of Multi-Family Investment Real Estate throughout Southern California, with a specific emphasis on the San Diego area.  In his 30+ year career he has been involved in transactions in excess of “One Billion Dollars”, representing Private Capital, Institutional Clients, and Lenders.  Peter has received numerous “Top Producer” awards, and has been previously awarded the designation as the “Colliers International Top Apartment Broker in the Nation”.   Peter also is a 2015 inductee in the Colliers International Everest Club - Top 10 Percent of all Colliers Professionals in the Americas Region (North and South America).
 

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Corey McHenry

Senior Vice President

Carlsbad

Corey specializes in the sale of Multi-Family Investment Real Estate throughout Southern California, with a specific emphasis on San Diego County.  Having  joined Colliers in 2008, Corey is a member of the San Diego Multi-Family Advisory Group along with Peter Scepanovic.  Since 2007, Corey has completed in excess of $500 Million of real estate transactions, representing Private Capital, Institutional Clients and Lenders.  The Scepanovic-McHenry San Diego Multi-Family Team  is the top Multi-Family Brokerage Team in the Colliers  San Diego  Region.  Prior to joining Colliers, Corey began his career at Cushman & Wakefield.


Outside of the office, Corey is very involved in the Big Brothers Big Sisters of San Diego and Homes of Hope charitable organizations.

TEAM WEBSITE: ScepanovicMcHenryApartments.Colliers.com

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