New Owner Plans Upgrades to El Cajon Apartment Building Acquired for $9.35M ...Middle East

330 North 1st St., El Cajon. Photo credit: Courtesy, Marcus & Millichap A 37-unit apartment building in El Cajon has been sold for $9.35 million, a real estate brokerage announced. “The size and unit mix of the asset intrigued the buyer in addition to an attractive assumable loan,” said Graeme Henderson, senior investment associate in Marcus & Millichap’s San Diego Del Mar office. Austin Ray Huffman, vice president investments, and Christopher J. Zorbas, executive managing director of firm’s San Diego Del Mar office, represented the seller, PI Properties NO. 24, LLC. The buyer, 8 Mendridge LLC., was procured by Henderson. Palm Terrace is located at 330 N. 1st St. Built in 1994

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