Blue
Author: Diana Heeb Bivona
The Blue Harbor Apartments at 3380 Swenson St. sold to SVS Apartments LLC for $33 million, or about $82,500 per unit. The multifamily complex has 400 units in 12 buildings totaling 141,925 square feet. It is also on an 8-acre parcel of land. The property was sent into a six-month escrow period after only being on the market for one week. It is reported that the complex had a cap rate of 6.6% at the time of the sale.