SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced the $7.35-million sale of the Mountain View Apartments in Vista.
Located at 1370 Calle Jules, the property totals 64 units and was built in two phases constructed in 1975 and 1986. The complex consists of 22 one-bedroom units, 41 two-bedroom units and one studio unit.
The buyer was 46 East 57th Street LLC. The sellers were the M.S. Browar Family Trust with Matthew S. Browar and Nancy A. Browar trustees as well as the Okovita Family Revocable Trust with Irving Okovita and Olivia Esther Okovita trustees.
Ray Adams of Cassidy Turley BRE Commercial represented the buyer in the transaction. The seller was represented by Allen Chitayat of Hendricks & Partners. Escrow and title services were provided by the Robinson Unit of Chicago Title. The $4.4 million financing was arranged by Ron Hernandez of Union Bank.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.