Shasta Terrace gets buyer

6-acre California property includes 140 apartments

Marcus & Millichap brokered the sale of the 140-unit Shasta Terrace Apartments in Vacaville, Calif. The value of the transaction was approximately $12.4 million. Shasta Terrace is situated on 6.13 acres at 293 Shasta Drive. Of the 108,520 rentable square feet, there is a mix of 56 one-bedroom/one-bath units, 76 two-bedroom/two-bath units and eight three-bedroom/two-bath units, which range in size from 620 to 1,150 square feet. A San Jose, Calif.-based investment partnership sold the property to Northern California-based Shasta Terrace Associates 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. ...