VACAVILLE, CA-Institutional Property Advisors, a unit of Marcus & Millichap Real Estate Investment Services Inc., has completed the sale of a multifamily property in Vacaville. GID of Boston has sold River Oaks Apartments, a 312-unit apartment complex, for $52.4 million.
Walnut Creek, California-based Sequoia Equities Inc. paid $167,949 per unit for the property. Constructed in 2000, the 318,768-square-foot complex sits on 7.7 acres of land. Stan Jones, Sal Saglimbeni and Phil Saglimbeni represented both parties in the sale. For the full story, go to Commercial Property Executive .
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