Buyer plans condo conversion for SoCal apartments

Complex dates back more than 30 years

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Grubb & Ellis/BRE Commercial negotiated the sale of The Heritage Apartments totaling 56 units in El Cajon, Calif. The value of the transaction was $6.7 million. The property is located at 360 North First St. Built in 1973, the complex has 36 one-bedroom, one-bath apartments and 20 two-bedroom, one-bathroom units. It has a gated entry with pool and laundry room on-site. John Wiggans sold the complex to Jacoba Heritage North, who will be converting the site to condominiums within the next year.  San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....