Pacific Urban Investors Acquires Multifamily Asset From Anton Development Company For $109.25M

The property asset involved in this transaction is a multifamily building located at 1821 South Milpitas Boulevard in the Silicon Valley market. The sale price was $109,250,000 with a total of 266 units. The property spans 344,751 square feet, yielding a price per unit of $410,714 and a price per square foot of $316.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $109,250,000
• Units: 266
• Square Footage: 344,751
• Price Per Unit: $410,714
• Price Per Square Foot: $316
• Buyer: Pacific Urban Investors
• Seller: Anton Development Company
• Buyer’s Representatives: Keith Manson, Zachary Greenwood & Mac Watson - CBRE

This transaction involved key individuals from CBRE, with Keith Manson, Zachary Greenwood, and Mac Watson representing Pacific Urban Investors in the deal. The involvement of these representatives highlights the active role of brokerage firms in facilitating significant property transactions in the multifamily sector.