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$18.2M Pacifica Park Sale Completed

Marcus & Millichap Close Multifamily Deal
By CoStar Research
January 28, 2003 | 2:55 P.M.

The 104-unit Pacifica Park Apartment Homes in Pacifica, CA, sold for $18.2 million, $175,000 per unit, with a 6.7% market cap rate. The Pacifica Park apartments are located at 670 Hickey Blvd., less than one mile from the ocean. The property was constructed in 1976 and includes 83,840 rentable square feet. The unit mix includes 41 one-bed/one-bath units and 63 two-bed/two-bath units, ranging in size from 680 to 885 square feet.

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News | $18.2M Pacifica Park Sale Completed