 |
| Tradewinds Apartments, Concord, CA |
 |
| Casey Davis |
Concord, CA – 29th Street
Capital (29SC), a privately-held real estate investment and advisory firm, has
acquired Tradewinds Apartments in
Concord, California.
The multifamily community
is in the East Bay submarket of San Francisco. Tradewinds contains one-, two-
and three-bedroom units, offering floorplans and a location that appeals to
both families and working professionals.
29SC purchased the asset
off-market from the heirs of a family trust.
The firm plans approximately $400,000 worth of renovations, which will
include new appliance packages, microwaves, lighting and hardware along with
accent walls.
Exterior improvements will include fresh paint, modern signage,
pool deck upgrades and repairs to wood paneling.
“We are very excited about
this acquisition,” said Casey Davis,
29th Street Capital’s Vice President of Acquisitions for California.
“Tradewinds is a value-add asset in a great location with excellent schools,
plentiful employment opportunities, and extremely strong submarket fundamentals
for recently renovated multifamily product.”
The transaction closed on
October 25. The sale price was not disclosed. The 25-unit community was built
in 1971.
For a complete copy of the company’s news release,
please contact:
http://www.facebook.com/pages/Thornton-Communications/112101288827299
http://twitter.com/Ttho http://www.linkedin.com/in/TerriThornton Terri Thornton
Partner, Thornton
Communications
Phone: 404-932-4347
Email:
Terri@TerriThornton.com
Website: www.TerriThornton.com
No comments:
Post a Comment