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$MMI New Press Release:WebChronicleToday, published August 16, 2021
Institutional Property Advisors Brokers $110 Million Multifamily Sale in Oceanside
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, California. The property traded for $110 million, which equates to $387,324 per unit. “The total sales price is the highest on record for an apartment transaction in Oceanside,” said Christopher J. Zorbas, IPA executive managing director investments. “This unique property was constructed in 2001 and due to limited opportu (...)
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