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Jason Post And Willy Walker Acquire Marquee Multifamily Property In North Hollywood For $44M

Property Image
SOLD
$44,000,000
Adrienne Barr
Tim Leonhard
Nancy Badzey
+ 1

California

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MultiFamily
Sold 12/03/2024
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Property Image
SOLD

Jason Post And Willy Walker Acquire Marquee Multifamily Property In North Hollywood For $44M

12300 Sherman Way

See Similar Deals
MultiFamily
Sold 12/03/2024
Adrienne Barr
Tim Leonhard
Nancy Badzey
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Marquee is a multifamily property located at 12300 Sherman Way, North Hollywood, encompassing 4.5 acres. This 236-unit asset has a transaction value of $44 million, resulting in a price per unit of $186,441.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $44,000,000
  • Units: 236
  • Price Per Unit: $186,441
  • Buyer: Jason Post - Post Investment Group; Willy Walker - Walker & Dunlop Investment Partners
  • Brokers: Adrienne Barr & Nancy Badzey - Berkadia
  • Mortgage Brokers: Jeremy Kanter & Tim Leonhard - Berkadia

The transaction closed on November 26 and included $32.9 million in acquisition financing. This off-market deal is noteworthy as it represents the only sale of a rent-controlled apartment building with over 120 units in Los Angeles in the past year.

Players

Tim Leonhard
Berkadia
Tim Leonhard
6 deals$347.5M volume
BROKER
Adrienne Barr
Berkadia
Adrienne Barr
12 deals$411.9M volume
BROKER
Nancy Badzey
Berkadia
Nancy Badzey
2 deals$70M volume(310) 909-0198
BROKER
Jeremy Kanter
Berkadia
Jeremy Kanter
2 deals$71.4M volume(310) 209-3238
BROKER

Details

SOLD
IMAGE: Jason Post, Adrienne Barr, Willy Walker, Nancy Badzey, Jeremy Kanter & Tim Leonhard DATE: 12/03/2024 ADDRESS: 12300 Sherman Way MARKET: North Hollywood ASSET TYPE: Multifamily ~ ACRES: 4.5 BUYER: Jason Post - Post Investment Group; Willy Walker - Walker & Dunlop Investment Partners (@WalkerDunlop) BROKERS: Adrienne Barr & Nancy Badzey - Berkadia (@Berkadia) MORTGAGE BROKERS: Jeremy Kanter (@JeremyKanterr) & Tim Leonhard - Berkadia SALE PRICE: $44,000,000 UNITS: 236 ~ PPU: $186,441 NOTE: Berkadia completed the $44 million sale of Marquee, a 236-unit multifamily property in North Hollywood, to Post Investment Group, with $32.9 million in acquisition financing secured. The off-market deal, which closed on November 26, marks the only 120+ unit rent-controlled apartment sale in Los Angeles in the past year.

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