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Deal of the Week - Sale

Hillcrest apartment sells

The seller in the Deal of the Week was represented by Tyler Sinks and Kyle Pinkalla, of Cushman & Wakefield's Multifamily Advisory Group.

The deal was the sale of the 58-unit Marquis at Hillcrest apartment at 1751 University Ave., San Diego, for $13.7 million.

The buyer was Littletown Realty LLC, of San Diego. Dr. Adel Eskander and Linda Eskander are the members of Littletown. The acquisition was financed by a loan of $8.7 million from First Republic Bank (NYSE: FRC).

The seller was The Virtu Marquis at Hillcrest Borrower L.P., an affiliate of Virtu Investments LLC. Michael Green is the manager of Virtu Investments.

The five-story building totals 28,890 square feet and was constructed in 1921 on 1.84 acres. The unit mix consists of studio, one-bedroom and two-bedroom apartments. The property was renovated in 2008.

Amenities include a fitness and yoga center, courtyard, on-site laundry and a business center.

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