Tides Equities Acquires Colton Multifamily For $72.25M With Buyer's Rep Ryan Fitzpatrick

The multifamily property located at 1699 E Washington St in Colton has been sold in a closed transaction. The property spans 308,030 square feet and consists of 366 units. The sale price for this asset was $72,250,000, resulting in a price per square foot of $234.56 and a price per unit of $197,404. The transaction took place on October 24, 2019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $72,250,000
• Square Footage: 308,030
• Price per Square Foot: $234.56
• Units: 366
• Price per Unit: $197,404
• Market: Colton

Tides Equities, represented by Sean Kia and Ryan Andrade, acquired the property. The seller was Blackstone, Livcor, and Tony Konstant. The deal was facilitated by Ryan Fitzpatrick from JLL.