Positive Investments Acquires Multifamily Property In Azusa, CA For $81M

The multifamily property located at 1000-1170 E Alosta Ave in Azusa, CA has been sold. The property comprises 316 units with a total area of 225,500 square feet. The sale price for this transaction was $81,000,000, resulting in a per unit price of $256,329 and a price per square foot of $359.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $81,000,000
• Address: 1000-1170 E Alosta Ave, Azusa, CA
• Market: Azusa, CA

The buyer of the property was Positive Investments, while the seller was Azusa Pacific University. The deal was facilitated by brokers Greg Nassir, Jenny Eng, and Brad Wilmot from CBRE.

With this transaction, Positive Investments has added a valuable asset to their portfolio. Azusa Pacific University, on the other hand, has successfully sold the multifamily property. The involvement of Greg Nassir, Jenny Eng, and Brad Wilmot from CBRE ensured a smooth and successful deal for all parties involved.