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.
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