Colliers International Announces Sale of El Cajon’s Villa Embasadora Motel

Colliers International Announces Sale of El Cajon’s Villa Embasadora Motel

84-unit motel on El Cajon’s E Main Street sells for $6,350,000

 

SAN DIEGO – April 4, 2019 – Colliers International San Diego Region announces the sale of Villa Embasadora, an 84-unit motel property located at 1550-56 E Main Street in El Cajon for $6,350,000.

 

Peter Scepanovic and Corey McHenry of Colliers International’s Multifamily Advisory Group represented the seller, Villa Embasadora Inn, LLC and the buyer.  The buyer was undisclosed.

Villa Embasadora Inn is an economy motel providing lodging for budget travelers, providing quiet, clean rooms in San Diego’s East County. Built in 1972, the 25,829 SF property features 84 units and convenient access to the Interstate 8 freeway and major El Cajon roadways including Broadway and Jamacha Road.

 

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About Colliers International Group

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter@Colliers orLinkedIn.