Parcwood Apts Trade for $42.2M

Western National Group purchased the Parcwood Apartments at 1700 Via Pacifica in Corona, CA for $42.2 million, or about $135,000 per unit, from Essex Property Trust, Inc. Built in 1989, the 13-building multifamily community totals 270,000 square feet on 15.4 acres. Parcwood is comprised of 52 studios, 132 one-bedroom, 88 two-bedroom, and 40 three-bedroom units. The property was about 95 percent occupied at the time of sale. Javier Rivera,...



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