300-unit community bought by company based in California.
Commons on Anniston apartments have been sold.
The 300-unit, 24-building community at 1721 Anniston Road just south of Atlantic Boulevard in Arlington was acquired Monday by Commons on Anniston LLC for $23.75 million.
Its parent company is Strategic Diversified Real Estate Holdings LLC of Westlake Village, Calif.
The seller was Commons on Anniston Acquisition LLC of Atlantic Beach.
The per-unit cost is $79,166.
The community was built in 1975.
According to the community’s website, rents are $700-$770 for one-bedroom/one-bathroom, $800-$809 for two-bedroom/1.5-bathroom, and $849-$940 for two-bedroom/two-bathroom units.
Amenities include three pools, a covered picnic area with grills, covered parking and a car spa.
According to its website, Strategic Holdings is a real estate investment company.
Its portfolio includes 16 apartment communities comprising nearly 3,300 units, mostly in the South and Southeast.
The buyer borrowed $18 million from Berkadia Commercial Mortgage of Ambler, Pennsylvania.
For more information, visit strategicholdings.com.