Interstate Equities Corp. has acquired The Vines at Riverpark, a 164-unit multifamily community in Oxnard, Calif., for $93 million, in an off-market transaction. The seller was Champion Real Estate Co., represented by Berkadia Institutional Solutions.
Completed in 2015, Vines at Riverpark encompasses 21 buildings, with two- and three-bedroom townhouses ranging from 1,173 square feet to 1,408 square feet. The Class A property was built as luxury condominiums that resemble single-family homes. In-unit amenities include enclosed garages with direct access, private patios or balconies, washers and dryers, central air and heat and stainless-steel appliances.
Located at 3040 N. Oxnard Blvd., the community is next to The Collection at Riverpark commercial center, a green area and a dog park. Highway 101 is only two miles from the property, offering several additional dining and retail options.
