SAN JOSE — The Atrium Garden apartment complex in San Jose was bought for $18.5 million by a Bay Area real estate investment group, documents filed on Oct. 23 with the Santa Clara County Recorder’s Office show.
Interstate Equities, a Los Altos-based real estate firm that acted through an affiliate, bought the 160-unit complex at 1536 Kerley Dr., county records show. The four-story building was built in 2000.
Located north of downtown San Jose, the purchase price for Atrium Garden works out to roughly $115,600 per unit – an amount that is below the typical per-unit price that has been seen in other apartment deals in recent months in the South Bay…