Bay Apartment Advisors has recently brokered the sale of The Regent at 20433 John Drive & 2300 Regent Way in Castro Valley, Ca. Located on a full acre, this two story, recently renovated property contains a mix of 30 one, two, and three bedroom apartments and a greater than 2:1 parking ratio. It is a private residential property with well-maintained landscaping all the while close to the 580 Freeway and the Castro Valley and Bay Fair BART stations.
Kristopher Lamont of Bay Apartment Advisors represented the buyer in this transaction. The property traded hands for $9,500,000 which equates to $316,666 per unit, $332.75 a square foot, and a 4.7% Cap Rate. The purchase was the upleg of the buyer’s 1031 exchange, also facilitated by Lamont.
About Bay Apartment Advisors
Bay Apartment Advisors is an apartment Brokerage and Management firm based in Oakland California. Since 2010 Bay Apartment Advisors has been a leader of Multi-Family housing transactions and investment management in The SF Bay Area.