Hollister Creek Village Apartments
Photo courtesy of CBRE

Hollister Creek Village Apartments Photo courtesy of CBRE

A Nestor apartment complex has been sold for $10.7 million.

Hollister Creek Village Apartments at 945 Hollister St. was acquired by Equity Four Properties, a subsidiary of Viewpoint Equities, Inc.

The seller was the Cavadias Family 2003 Trust, according to CoStar, a real estate research firm.

Allen Chitayat and Nate Pepper of CBRE represented Equity Four Properties.

Tim Mills of CBRE represented the seller.

Built in 1986, Hollister Creek Village Apartments has 46 apartments of about 1,000 square feet each.

The apartments have walk-in closets, private outdoor areas, washers and dryers and air conditioning.

The complex also has a spa, swimming pool and picnic area.

“This property provides a great value-add opportunity with a planned upgrade and remodel program,” said Gregg Seaman, CEO of Viewpoint Equities and manager of Equity Four Properties. “It will blend well with other properties that we currently own in the area.”

Real estate reporter Ray Huard may be reached at rhuard@sdbj.com or 858-277-8904.