Clear Capital Acquires Multifamily Property In Inland Empire For $82M

The multifamily property located at 1334 W. Foothill Blvd. in the Inland Empire was recently sold in a transaction. The property consists of 232 units and was sold for a total price of $82,000,000, which translates to an average price per unit of $353,448. The sale took place on 06/22/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,000,000
• Address: 1334 W. Foothill Blvd.
• Market: Inland Empire
• Units: 232
• Price per Unit: $353,448

The buyer in the transaction was Clear Capital, while the seller was Virtu Investments. The deal was facilitated by Martin Zorbas, Alexander Garcia, Tyler Martin, and Chris Zorbas from Institutional Property Advisors - Marcus & Millichap, who worked as brokers representing the parties involved in the sale.