CB's Phoenix and San Francisco offices represented SSR ApartmentValue Fund LP, the seller of the 256-unit Skyline Heights apartmentcomplex at 960 St. Francis Blvd. in Daly City, CA. The buyer isPalo Alto, CA-based Pacific Property Co., which represented itselfin the purchase.
The apartment community stands on 7.6 acres and is fully leased,reflecting the Bay Area's tight rental market caused by its boominglocal economy and its dearth of new multifamily construction, CBRichard Ellis says.
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