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28 Units in Spring Valley Sells for $6.3 Million, CAA Announces


SPRING VALLEY, San Diego, CA (May 11, 2023) – The 28 unit apartment complex located at 8707 Troy St, Spring Valley, CA 91977 sold for $6,315,000 on May 3rd, 2023, Commercial Asset Advisors announced.


Brian Jenkins and Mike Conger of Commercial Asset Advisors represented the Buyer, AZI Park Place I LLC. The Seller, 8707 Troy LLC was represented by Benn Vogelsang of NorthMarq Realty Services, Inc.


Mike and Brian were able to diligently identify and address unforeseen obstacles that arose during the transaction process. “While every transaction presents unique challenges, we were able to draw upon our past experiences and craft innovative solutions in order to ensure a smooth and successful transaction, as part of a 1031 exchange for the Buyer,” said Brian Jenkins.


CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm’s ability to maximize values regardless of product type, location, or situation.


For additional information, you may contact:

Mike Conger, CAA Principal (DRE Lic. # 01381193), at mike@caacre.com. Brian Jenkins, CAA Principal (DRE Lic. #01814828), at brian@caacre.com


About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.


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