[IMGCAP(2)]Leary, Curtis Gardner and Nate Oleson of ARArepresented both the buyer and the seller of the complex, which wassold by a Bay Area-based private investor. The property is at 1751E. Roseville Parkway, adjacent to a Safeway supermarket- anchoredcenter in the affluent Granite Bay district.
The 45-building complex, with units of one to three bedroomsthat average 1,043 square feet and rent for an average of $1,050,was 92% occupied at the close of escrow.
Leary says that a primary reason for the 14 offers despite thesoft economy is that Slate Creek is in the Granite Bay area, wheremedian home prices are the highest in the region at $585,000. It isone of the best-located multifamily assets in the region, hesays.
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