Real Estate

Reading Commons Complex for Sale

The Reading Commons apartment complex is for sale.

 

The Reading Commons apartment complex is for sale, according to the Chronicle.

Henderson Global Investors, based in Chicago, bought the property five years ago for $48.5 million, the Chronicle said. The complex could sell for up to $70 million, according to the Chronicle.

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The 204-unit complex was built in 2006 and features a heated pool, fitness center, movie theater, underground parking and detached garages. According to the Chronicle, the rent for a one-bedroom unit falls between $1,660 to $2,062.

Contact the broker, Jones Lang LaSalle’s Multifamily Investment Sales, for more information.

Find out what's happening in Readingfor free with the latest updates from Patch.

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