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Sridhar Equities Sells Palm Tree Apts.

D&G Property Mgmt. Pays $381,000 Per Unit for Sunnyvale Community
January 16, 2018
Sridhar Equities has sold the 24-unit Palm Tree Apts. at 988-990 E. El Camino Real in Sunnyvale, CA for $9.15 million, or about $381,000 per unit, to D&G Property Management.

The complex was completed in 1954 and features 22 one-bedroom/one-bath units and two two-bedroom/two-bath units. Sridhar Equities acquired the building in June of 2017 for $7.5 million, and had not done any improvements on the property before re-selling it.

The transaction was between private parties with no brokers involved in the deal.

For more information on this transaction, please refer to CoStar COMP #4091527.
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