Apartment complex acquired for nearly $4.3 million
Stos Partners based in Encinitas has acquired a Rolando Village apartment complex for nearly $4.3 million.
The property at 6752 Solita Ave. was sold by MF Panda Nr Owner CA LP.
The 9,500 square-foot complex has 10 three-bedroom, two-bathroom cottages with private patios.
Peter Scepanovic and Corey McHenry from Colliers International represented Stos Partners.
“We believe we will continue to see robust economic growth in San Diego, which, coupled with the housing shortage and looming stagflation, will lead to increased value for renovated existing multifamily communities,” said CJ Stos, President at Stos Partners.
By Ray Huard