Marcus & Millichap has brokered a $71 million sale of an apartment complex in California.
Moreland Apartments, located at 550 Moreland Way in San Jose, is comprised of 160 units. The cost comes out to $443,750 per.
The property features eight two-story buildings, as well as a one-floor property on an eight-acre parcel, which contains office space and amenities. The one and two-bedroom apartments measure out to be 620 and 850 square feet, respectively. Additionally, there are three-bedroom townhouse options available, coming out to 1,150 square feet.
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