Marshall Boyd & Julia Boyd Corso Acquire Atrium Garden Apartments In San Jose For $18.5M

The 160-unit Atrium Garden Apartments, located at 1536 Kerley Drive in San Jose, was sold for $18.5 million, equating to approximately $115,530 per unit. This multifamily asset, built 25 years ago, is situated near San Jose Mineta International Airport and sold significantly lower than the county's five-year average price per unit of $458,000, as indicated by CBRE data.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Units: 160
• Price Per Unit: $115,625
• Buyer: Marshall Boyd & Julia Boyd Corso - Interstate Equities

The acquisition was represented by Interstate Equities, a key player in this transaction that reflects the current multifamily market dynamics in San Jose. The complex's sale comes at a time when multifamily properties are being evaluated closely amid changing financial landscapes.