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Pacific Adds to Small Property Portfolio

CASTRO VALLEY, CA-Pacific Property Company bought the 33-unit Miramar Heights apartment community for $3,675,000. The property was purchased from the Earl Smith Group, an East Bay partnership.

By Michelle Savage | Updated on September 21, 2001

CASTRO VALLEY, CA-Pacific Property Company has acquired the 33-unit Miramar Heights Apartments in Castro Valley, a purchase that marks the firm’s fourth West Coast apartment acquisition during the past 30 days and the second addition to its Small Property Investment Program.

The property was purchased from the Earl Smith Group, an East Bay partnership. Mark Feldman of Hendricks & Partners brokered the transaction.

Pacific Property Company bought the apartment community for $3,675,000. The three-building complex is located about 17 miles southeast of San Francisco in Castro Valley. Its apartment units feature spacious two bedroom floor plans with fireplaces and balconies. Each of the buildings is three stories high. The entire property has 31,277 sf of rentable space.

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