GREENFIELD, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Creekbridge Village Apartments (top left photo), a 154,838-square foot mixed-use property in Greenfield.
The property consists of 128 apartment units and 36,866 square feet of retail. The sales price of $13 million represents $84 per square foot.
Ted Kokernak (middle right photo), a senior vice president investments in the firm’s Palo Alto office, in cooperation with San Francisco-based Newmark Realty Capital Inc., represented both parties in the transaction.
“Creekbridge Village Apartments is the only modern apartment complex located between Salinas and Paso Robles,” says Kokernak. “The property has become a Greenfield landmark with its eclectic and award-winning architectural style.”
Located on 5.6 acres at 10 South El Camino Real in Greenfield, the property surrounds Village Green, a park-like setting where local musicians perform from an old-world-style bandstand.
Creekbridge Village Apartments consists of seven buildings ranging from one-story retail at the front to two- and three-story apartments over retail in the core development. The buildings are wood frame and stucco with pitched roofs and Spanish tile or composite shingles.
The apartment unit mix is 26 one-bedroom/one-bath units, 65 two-bedroom/one-bath units, 22 three-bedroom/one-bath apartments and 15 three-bedroom/two-bath apartments. There are 26 retail units that range from 430 square feet to 8,815 square feet.
Creekbridge Village Apartments provides residents with covered and gated carport parking and a gym. The apartments feature open floor plans and all-electric kitchens.
Greenfield is located in Monterey County, approximately 33 miles southeast of Salinas.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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