Interstate Equities Corp. has acquired The Dylan, a 232-unit apartment community in Hercules, Calif., for $83.5 million.
Completed in 2022, The Dylan is a five-story apartment community offering residents 217 market-rate units and 15 below-market-rate units. The property features a diverse unit mix of studios, one- and two-bedrooms, averaging 804 square feet per unit. On-site amenities include a lounge with a community kitchen; a sports lounge featuring darts, billiards and foosball; a high-performance fitness center; a resident courtyard featuring barbecue and fire pit areas; and bike storage with a repair station.
The property is located along San Pablo Bay at 2200 John Muir Parkway, providing residents with a distinctive waterfront lifestyle while maintaining excellent connectivity to major Bay Area employment centers. The location offers convenient access to Interstate 80, connecting residents to Oakland, Calif. (25 minutes); San Francisco (35 minutes); and Walnut
