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3/28/12
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Presidio Capital Partners Inc and Fuller Apartment Homes Inc purchased 28 for-rent apartment units at The Village at Broad Street (Parcel II) from H&D Maymont LLC for an undisclosed amount. The 1.4-acre Parcel II was the last remaining parcel available for sale within The Village at Broad Street.
The project is located in close proximity to downtown San Luis Obispo, east of Emily St between Roadhouse Ave and South St. The Village at Broad Street is a mixed-use development that includes a newly opened Fresh & Easy Neighborhood Market and 42 multi-family affordable apartments. ROEM Corporation developed the affordable living component and finished construction in January 2012.
“The downtown area of San Luis Obispo has always been a very desirable location, and The Village at Broad Street project further enhances the quality and vitality of the area,” stated Land Advisors’ Senior Marketing Consultant Matt Power, who has been tracking residential land activity in the Central Coast region of California for about ten years. “San Luis Obispo is a unique submarket and continues to draw interest from the building community.”
The Central Coast / Central Valley Team at Land Advisors Organization brokered the transaction. In 2011, the team closed $39 mil in transactions, with the sale of over 9,700 residential lots and over 9,200 acres.
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