IGP dumps El Norte Heights
Apartments command more than $13 million
By Inman News, Monday, February 23, 2004.Inman News®
Hendricks & Partners negotiated the sale of El Norte Heights, a 105-unit apartment community in Escondido, Calif.
The value of the transaction was $13.4 million.
San Diego-based Income Growth Properties Ltd. IX sold the property, located at 145-225 W. El Norte Parkway, to a partnership of Melroy Investments.
Dick Bassett of the San Diego office of Hendricks & Partners negotiated the transaction.
Hendricks & Partners is a national advisory company focused exclusively on the sales of multifamily properties.
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