560-Unit California M-F Complex Goes for $54M

Blue Rock Village (pictured), a 560-unit multi-family complex in Vallejo, Calif., has been sold for $54.4 million to a San Francisco-based private ownership group.Marcus & Millichap Real Estate Investment Services represented the seller, a publicly traded REIT, as well as the buyer on the deal. Situated at 1900-2000 Ascot Parkway, the 448,256-square-foot property sits near the Blue Rock Springs Golf Course and National Park, and features a mix of one- and two-bedroom units. Community amenities include swimming pools and spa, a fitness center, picnic areas and gated community living.