VACAVILLE, CA-A private investor from Oakland has retained Arroyo & Coates to sell Canyon Creek Apartments, a 168-unit complex here that is well leased. The asking price is $23 million, which translates to $136,905 per unit and $145 per sf.

Located on 11 acres at 159 Aegean Court, the garden-style complex includes 110 two-bed, two-bath units, 48 one-bed, one-bath units and 10 three-bed, two-bath units. Including tenants who have signed leases but not yet occupied a unit, A&C broker Mark Leary tells that occupancy at the property is 99%.

“This is a classic add-value opportunity in a tight rental market with other renovated properties that support the upside potential,” says Leary, who will call for offers in 30 days.

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