Marcus & Millichap negotiated the sale of the 136-unit Amherst Place in Sacramento, Calif. The value of the transaction was $14.9 million. Amherst Place, located at 1019 Dornajo Way, is a 15-year-old complex with 128,720 rentable square feet. The unit mix includes 48 one-bedroom and 88 two-bedroom units, which range in size from 795 to 1,050 square feet. Occupancy was 93 percent at the time of sale. A Northern California private investor sold the property to San Diego-based Amherst Investors LLC. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story. ...
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