– CONDO CONVERSTION – NOTE SALE - The entire project has a total of 312 units, the bank is offering to sell the Note on the remaining 163 unsold units. The remaining units contain 146,487 sq ft with an average unit size of 899 sq ft. Built in 1971, the property sits on 14.63 acres of land. All units were renovated in 2006 with the exception of 25 units. The remaining unit mix is 70 one BR units with 766 sq ft each, 29 two BR (one bath) units with 849 sq ft each, 35 two BR (two BA) units with 1,002 sq ft and 29 three BR (two BA) units with 1,144 sq ft. The property is about 60% occupied and the rental rates are about $1/SF