The Sharon Green Apartments in Menlo Park's Sharon Heights neighborhood were recently sold for $245 million, or $828,000 per apartment, according to the seller, Essex Property Trust, based in San Mateo.
The sale may be a record for the Peninsula, according to the Silicon Valley Business Journal. The sale amount surpassed the next-highest deal on the Peninsula by $165,000 per unit, based on the Real Capital Analytics' database of apartment transactions, the Journal reported.
The apartments were sold by Essex Property Trust to an affiliate of Deutsche Asset and Wealth Management and Maximus Real Estate Partners.
Located at 350 Sharon Park Drive, the property was completed in 1970 and contains 296 apartments, Essex Property Trust said.