Arroyo & Coates Negotiates Carmichael Apartment Sale; Windmill Place Apartments Sells for $4,828,000
June 29, 2006

CARMICHAEL, CA - Arroyo & Coates has negotiated the sale of Windmill Place, a 73 unit apartment community in Carmichael, CA. The Rossmore Group, LLC of Sacramento sold the property to Windmill Place Apartments, LLC of Carmichael for $4,828,000.

Located at 5738 Windmill Way, Windmill Place Apartments is located less than 3 miles from Interstate 80 and is within walking distance of a major shopping center. Built in 1972, Windmill Place totals over 50,000 square feet. The three building property surrounds a pool and offers a mix of studios, 1 and 2 bedroom units ranging in size from 400 to 950 square feet.

The Arroyo & Coates team of Jamie Clifford, Sales Associate; David Silver, Senior Sales Associate; and Pedro Arroyo, CEO; represented both parties in the transaction.