{"id":1004127757,"date":"2015-09-18T07:50:14","date_gmt":"2015-09-18T15:50:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361015"},"modified":"2022-12-08T16:34:24","modified_gmt":"2022-12-09T00:34:24","slug":"east-bay-community-commands-47-million","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/east-bay-community-commands-47-million\/","title":{"rendered":"East Bay Community Commands $47 Million"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

In a $47 million deal, Tilden Properties<\/a>\u00a0has acquired Park Crossing Apartments in Fairfield from Abacus Capital Group<\/a>. Executive Director Stanford Jones and Senior Directors Philip Saglimbeni and Salvatore Saglimbeni of Institutional Property Advisors<\/a> arranged the sale.<\/p>\n

\"Park<\/a><\/p>\n

Park Crossing<\/p>\n<\/div>\n

Located at 2100 West Texas Street, the 200-unit multifamily community offers convenient access to I-80. Park Crossing consists of nine two- and three-story buildings, as well as a one-story leasing office, on an eight-acre site offering open greenbelts and walkways.<\/p>\n

The property features a mix of one-, two-, and three-bedroom apartments averaging 1,024 square feet in size. According to Yardi Matrix<\/em><\/a> data, the average monthly rent is $1,863.<\/p>\n

Acquired for $235,000 per unit, the property offers \u201ca value-add opportunity through unit interior upgrades and with the property\u2019s compelling location, the asset should provide continued strong revenue growth,” Philip Saglimbeni noted.<\/p>\n

The amenity package includes private patios\/balconies, large walk-in closets, a fitness center, swimming pool, spa, controlled access and a business center, as well as a fireside lounge.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Fairfield community recently traded hands for an enviable per-unit price.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[682],"class_list":["post-1004127757","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco","tag-news"],"acf":[],"yoast_head":"\nEast Bay Community Commands $47 Million - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/east-bay-community-commands-47-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East Bay Community Commands $47 Million\" \/>\n<meta property=\"og:description\" content=\"A Fairfield community recently traded hands for an enviable per-unit price.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/east-bay-community-commands-47-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-18T15:50:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:34:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Park-Crossing.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"East Bay Community Commands $47 Million\",\"datePublished\":\"2015-09-18T15:50:14+00:00\",\"dateModified\":\"2022-12-09T00:34:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/\"},\"wordCount\":173,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Park-Crossing.jpg\",\"keywords\":[\"News\"],\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/east-bay-community-commands-47-million\\\/\",\"name\":\"East Bay Community Commands $47 Million - 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