As Seen in GlobeSt

Arroyo & Company Negotiates Sale of Coastal San Mateo County Apartments
August 24, 2011

San Francisco, CA (August 2011) -- Arroyo & Company announced today that it acted as advisor to a private trust in the $11,300,000 disposition of the Pacific View Apartments, a 61-unit multifamily community located in the coastal San Mateo County city of Pacifica, California.  The property was acquired by a single-asset entity controlled by a private Bay Area partnership.

Originally constructed in 1964, Pacific View is located 15 miles southwest of San Francisco and just east of CA-1 (Pacific Coast Highway).  The property comprises 2 studios and 59 one bedroom units in two buildings over secured concrete parking garages.  All units are single-loaded and feature large balconies with unobstructed views of the Pacific Ocean.

The seller was represented in the transaction by Nathan Blair and Ryan Wagner of Arroyo & Company.  The buyer acted on its own behalf. 

Since 2003 the Arroyo & Company | California Multihousing Group team has participated in the sale of more than 9,000 multifamily units on a total volume of nearly $1.4 Billion.  Specializing in the sale of multifamily income properties, the Arroyo & Company | CalMHG team provides a wide range of commercial real estate brokerage services for private and institutional investors throughout California.