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LOCAL BUYER GRABS  APARMENT BUILDINGS FOR MORE THAN $100 MILLION

LOCAL BUYER GRABS APARMENT BUILDINGS FOR MORE THAN $100 MILLION

• Cherryhill Apartments in Sunnyvale was bought for $106 million by a veteran real estate investor.

• The apartment complex consists of 224 units. 

• The group also obtained a loan of $110 million from Northern Trust Co., a financial services firm, at the time of the purchase, according to the county real estate documents.

• The complex is located in a city where a number of big tech companies operate, including Google, Apple, Amazon, and LinkedIn.
Cherry Hill apartments were built in 1963 and has eight buildings that are each two stories.

 

Source: https://www.mercurynews.com/