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34-Unit Apartment Complex Sold

Sequoioa Terrace Apartments Change Hands
By Multiple Authors - See Story
January 24, 2002 | 1:46 P.M.

The Sequoioa Terrace Apartment complex located at 440 Poplar Ave. in Redwood City, CA has sold for $4.6 million, $192.47 per square foot or $135,294 per unit. Charles E. & Carmela A.Z. Xuereb purchased the 23,900-square-foot, 34-unit complex from Niles R. & Marylyn V. Moseley, Tr. The reported vacancy at the time of sale was 4.91% with a CAP rate of 6.65%. Keith Suddjian with Cornish & Carey Commercial ONCOR International in Palo Alto represented both parties. By: Jorge Jimenez and Chris Schaefer (1/25/02)

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News | 34-Unit Apartment Complex Sold