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Thursday, Mar 28, 2024
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Spring Valley Apartment Property Sold for $26 Million

A San Diego-based joint venture, which includes Stratford Partners and LLJ Ventures, has purchased a 128-unit apartment community in Spring Valley for $26 million, according to brokerage firm Marcus & Millichap.

The seller of the eight-building property, known as Oakbrook Ridge at 8517 Paradise Valley Road, was Kreutzkamp Separate Trust of San Diego. The seller was represented by Christopher Zorbas, Stewart Weston, Alexander Garcia, David Sperling and John Montakab of Marcus & Millichap’s Institutional Property Advisors (IPA) division.

The IPA brokers also procured the buyer. The property was built on approximately seven acres in 1985.

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