| Project Details |
| Property Type: |
Apartment (28 Units) |
 |
| Sales Price: |
$4,100,000 |
| Sale Closing Date: |
November 2005 |
| Cap Rate: |
4.10% |
|
| Buyer Name: |
RCP Decena, LLC |
| Buyer Broker: |
Jeff Rogoway, Prime Property |
|
| Seller Name: |
Decena Apartments, LLC |
| Seller Broker: |
Mike Paeske, CFI |
|
| Square Footage: |
24,242 sf |
| Amenities: |
Tentative Map
|
|
CFI represented the Seller in this apartment transaction. This 28 unit apartment project was sold with a tentative map to a condominium converter. CFI processed all condo conversion entitlements in this “add value” apartment play. The project unit mix was three 2 BR/ 2BA and twenty five 1BR/1BA. The project has been converted to the Elan Condomiums with pricing from $255,000 to $340,000. |
