SUNTERRA APARTMENT HOMES IN OCEANSIDE SELLS FOR $38.2M

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OCEANSIDE, CALIF. – The 240-unit Sunterra Apartment Homes in Oceanside has sold to Sunterra Apartments LLC (Benedict Canyon Equities) for $38.2 million. The community is located at 3851 Sherbourne Drive near State Route 78 in the San Diego submarket. It was built in 1974. The seller, Legacy Sunterra Apartments Partners LP, was represented by Stewart I. Weston, Christopher Zorbas and David Sperling of Institutional Property Advisors, and Michael Walseth of Marcus & Millichap.

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