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Colliers Brokers the Sale of a 24-Unit Townhome Property

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Lemon Grove California

San Diego, Calif., February 23, 2022 – Colliers today announced the recent sale of Hilltop Townhomes, a renovated six-building, 24-unit multifamily property located at 3601 Hilltop Drive in the San Diego East County community of Lemon Grove. Executive vice president Peter Scepanovic and senior vice president Corey McHenry of the Colliers San Diego Multi-Family Advisory Group brokered the transaction on behalf of the buyer, Fowler Hospitality, LLC, and seller, Truss 1031, LLC. The team reached a final sale agreement of $9,000,000, or $375,000 per unit.

“Hilltop Townhomes is a unique apartment community with a highly desirable unit mix of three-bedroom two-story townhomes in the budding East County submarket of Lemon Grove, located within blocks of the downtown core,” said Scepanovic. Situated along the I-94 corridor and within blocks of a San Diego Trolley station, the property offers city-wide access to employment centers, shopping, restaurants, and tourist attractions. Initially built in 1969 and renovated in 2020, the property boasts 24 townhomes with 1,150 and 1,250 square-foot options, both options consisting of 3 bedrooms and 1.5 bathrooms.

 

Media Contact:
Leanne Daly
PR & Communications Specialist | Southwest Region
Leanne.Daly@colliers.com
760-930-7941

 

About Colliers

Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.


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Colliers Brokers the Sale of a 24-Unit Townhome Property

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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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