TODAY’S DEALS: Hendricks & Partners Arranges Sale of 144 Units for $14.7M, and Other Transactions
- Mar 26, 2009
By Anuradha Kher, Online News EditorEl Cajon, Calif.–Hendricks & Partners recently arranged the sale of The Grove (pictured), located at 346 Jamacha Rd. in El Cajon, Calif. for $14.7 million. Constructed in approximately 1973, The Grove features 144 units in 12 two-story buildings. It comprises 24 one-bedroom/one-bathroom units, 40 two-bedroom/one-bathroom units and 80 two-bedroom/two-bathroom units. Interior amenities include air conditioning (wall units), vertical blinds, refrigerators, and dishwashers in select units. Common area amenities include a swimming pool and spa, sauna, fitness room, playground, and on-site laundry facilities.NorthMarq Arranges Over $8M in Permanent Financing for 167-Unit Rental Community Denver–The Denver regional office of NorthMarq Capital arranged permanent financing of $8,490,000 for a 167-unit, garden-style apartment community located in Northern Colorado. The apartment complex, constructed in 1985, features 13 two-story buildings. Common amenities include a community swimming pool, laundry rooms in four buildings and a leasing office. Unit amenities consist of wood burning fireplaces in all units, as well as a patio or balcony. Select units feature washer/dryer connections and exterior storage.