11/7/2008

Happy Valley multi-family brings $41M

by
Parker, Colo.-based Monterey Springs Holdings, LLC, has purchased the Monterey Springs apartment complex in Happy Valley, Ore., for more than $41 million from 4414 Woodman Apts. I, LLC.

The deal was negotiated by Phil Oester and David Young of Hendricks & Partners on behalf of the seller.

Monterey Springs is located at 8640 S.E. Causey Ave. and contains 390 units. Situated on 12.27 acres, it sold for more than $105,000 per unit.

Address: 8640 S.E. Causey Ave., Happy Valley, Ore.

Size: 390 units

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Filed Under: Multi-Family

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