The 188-unit Creekside Park I and II, a multifamily portfolio located at 2632 1st Street in Napa, was recently sold for $46.95 million. The property spans 10 acres and consists of garden-style residences built in 1983 and 1985. Situated near Napa Valley's main thoroughfare and Downtown Napa, the multifamily complex boasts a strong market presence due to limited concessions and high rents, making it a sought-after investment in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,950,000
• Units: 188
• Price Per Unit: $249,734
• Market: Napa
• Asset Type: Multifamily
• Address: 2632 1st Street
• Brokers: David Cutler, Joshua Johnson, Kirk Trammell & Mitchell Zurich - Marcus & Millichap

Among the key individuals involved in the transaction were David Cutler, Joshua Johnson, Kirk Trammell, and Mitchell Zurich from Marcus & Millichap. Mitchell Zurich, the Senior Managing Director Investments, highlighted the robust multifamily market in Napa and the prime location of Creekside Park I and II near Downtown Napa. The sale of this 188-unit portfolio underscores the continued interest and investment in Napa's multifamily real estate sector.