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October 26, 2017

Kidder Mathews Handles Marlborough Villas MF Deal

Connect Commercial Real Estate

Marlborough 4102, LLC purchased Marlborough Villas, an apartment building located at 4102 Marlborough Avenue in San Diego, for $4.2 million. The seller was AE Holdings, LLC, a San Diego-based real estate development and investment company.

The 18-unit complex is centrally located in the market and is close to shopping and restaurants, with easy access to Interstate 5.

Kidder Mathews' Eric Comer, Jim Neil, and Merrick Matricardi represented the buyer in the transaction. KW Commercial's Leon Alchalel represented the seller.

"The property was extensively renovated in 2007, and has a recorded Final Map for condominiums," said Comer. "The new owner plans to continue operating the property as apartments for the foreseeable future."

For the full story, go to Connect Commercial Real Estate.

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