In a 1031 exchange, Marcotte Family LP acquired the 52-unit Villa Cordova Apartments in Castro Valley for $6.5 million, or $125,000 per unit, with a cap rate of 5.48%. The complex was 95% occupied at the time of sale.
In a 1031 exchange, Marcotte Family LP acquired the 52-unit Villa Cordova Apartments in Castro Valley for $6.5 million, or $125,000 per unit, with a cap rate of 5.48%. The complex was 95% occupied at the time of sale.
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