High Desert Villas Nets $14M

Strata Equity Group, Inc. purchased High Desert Villas, a senior-living multifamily complex at 16850 Jasmine St. in Victorville, CA from CDC Realty Fund for $13.75 million, or about $59,000 per unit. Built in 1990, the apartments total 123,267 square feet on 9.7 acres located at the northwest corner of Jasmine St. and 1st Ave., just west of Hesperia Road. High Desert Villas consists of 196 one-bed, one-bath and 36 two-bed, one-bath units. Alex...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/High-Desert-Villas-Nets-$14M/143588?ref=/News/Article/High-Desert-Villas-Nets-$14M/143588&src=rss