Coronado Bay Club Sells for $161.58M
Posted by: kateg 3 years, 10 months ago
Coronado Commonwealth Apartment Inc. sold the Coronado Bay Club, a 549-unit water front apartment community for $161.58 million to Alliance Residential Company.
The property spans 13.91 acres of prime Coronado real estate and included a buy out of the ground lease. The purchase price equates to roughby $249,000 per unit.
Alliance Residential Company acquired a loan through MetLife Real Estate Investors for $105.59 million with potential for a future funding loan of $14.92 million.
For more information, call Kate at (619) 933-5319 or click here.Share on Twitter Share on Facebook
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Latest NewsSeptember 25, 2017 Fall Home Maintenance Tips September 21, 2017 Things To Do This Weekend: Sept 22-24 September 18, 2017 Looking for a Coronado Rental? Here are Tips for finding a home! READ MORE
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