REBusinessOnline

560-UNIT BLUE ROCK VILLAGE SELLS FOR $54.4 MILLION

VALLEJO, CALIF. — Stanford Jones, Phil Saglimbeni and Sal Saglimbeni of Marcus & Millichap represented both parties in the disposition and acquisition of Blue Rock Village, a 560-unit multifamily community located at 1900-2000 Ascot Pkwy. in Vallejo. The property sold for $54.4 million or $97,143 per unit. The 448,256-square-foot property features a mix of one- and two-bedroom units offering a private balcony or patio, functional kitchen layouts, generous walk-in closets and covered parking. Additionally, the gated community features swimming pools, a spa, a fitness center and picnic areas. The buyer and the seller were not disclosed.

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