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Escondido Apartments Sold for $34.7M

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Sage Apartments

An Escondido apartment complex has been sold for $34.7 million.

Sage Apartments, 1920 and 960 E. Grand Ave., was sold by Clear Sky Escondido to Subsidiaria de Santa Jacinto, LLC

 

Peter Scepanovic and Corey McHenry of Colliers International San Diego Region’s Multifamily Advisory Group represented Clear Sky of Escondido.

Subsidiaria de Santa Jacinto was represented by Wonder Dog Realty.

The 86,748 square-foot complex was undergoing renovation, which the new owner plans to continue.

The complex has 137 apartments, primarily one-bedroom and two-bedroom units.

“During a currently difficult time in the market, our team is both grateful and proud to close this sale by collaborative working with all parties involved,” Scepanovic said. “With the property’s ideal location in the growing Escondido community, the Sage Apartments will continue to be a strong investment with positive future potential for the new ownership as it has been for the seller.”

By Ray Huard


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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 $600 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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