IDEAL Capital Group Acquires Property From Capstone Commercial Properties For $51 Million In San Luis Obispo

The Vintage at SLO is an apartment community located at 3554 Ranch House Road in San Luis Obispo. The property was purchased for $51 million and encompasses 91,749 square feet. This community features seven three-story buildings comprising a total of 105 apartments, with an average unit size of 874 square feet. Community amenities include a resort-style pool, fitness center, dog washing station, and 161 parking spaces.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: $51,000,000.00
• Address: 3554 Ranch House Rd, San Luis Obispo
• Market: San Luis Obispo
• Seller: Capstone Commercial Properties
• Buyer: IDEAL Capital Group
• Seller's Representatives: Dean Zander, Jef Henderson - CBRE

The transaction involved a joint venture between Newport Beach, California-based Capstone Commercial Properties and Robbins | Reed as the seller. The deal was represented by Stew Watson, Dean Zander, and Jef Henderson from CBRE, highlighting the key players in this real estate transaction.