TriWest Multifamily Acquires 80-Unit Multifamily Property In San Bernardino For $12.8M

TriWest Multifamily has acquired a multifamily property in San Bernardino at 1865 Clyde Street. The transaction, which took place on August 16, 2021, involved the purchase of an 80-unit building with a sale price of $12,800,000. The property spans 103,449 square feet and has a price per square foot of $123. The purchase price equates to approximately $160,000 per unit. The property boasts a favorable capitalization rate of 5.24%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,800,000
• Address: 1865 Clyde Street
• Market: San Bernardino
• Units: 80
• Square Footage: 103,449
• Price per Square Foot: $123
• Capitalization Rate: 5.24%

Omer Ivanir, Bryce Overend, Andrew Wilkey, and Brandon Eshaghzadeh represented TriWest Multifamily in this transaction. Ivanir, Overend, and Wilkey work for TriWest Multifamily, while Eshaghzadeh is their representative from Compass. Their expertise and negotiation skills played a significant role in the successful completion of this deal.