Park Place Olde Town welcomes new year with $46.6 million sale

Mark B. Polite is one of the principals of Seagate Properties and is in San Rafael, CA, 415-455-0300. According to WinComps Research Team, the property contains 96 one-bedrooms with an average size of 709 sf that rent for $1,343 per month, and 57 two-bedroom units with an average size of 1,113 sf, renting for an average of $2,070 per month. The weighted average of the entire 153 units is 864 sf, with a lease rate of $1,614 per month, or $1.88 psf. This transaction was handled by the CBRE Denver multifamily team including Matt Barnett, David Potarf, Dan Woodward & Jake Young.