Javier Morro Purchases Redlands Multifamily Property From Jeff Capen For $1.74M

The property asset involved in the transaction is a multifamily building located at 205 West Fern Avenue in the Redlands market. The sale price for the asset was $1,737,500, comprising 8 units. The total square footage of the property is 5,200, resulting in a price per unit of $217,187 and a price per square foot of $334.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,737,500
• Units: 8
• Square Footage: 5,200
• Price Per Unit: $217,187
• Price Per Square Foot: $334
• Buyer: Javier Morro
• Seller: Jeff Capen
• Seller's Representative: Eric Chen, Blake Torgerson & Kevin Sin - CBRE

This transaction highlights the involvement of key individuals such as buyer Javier Morro and seller Jeff Capen. The seller was represented by Eric Chen, Blake Torgerson, and Kevin Sin from CBRE, who facilitated the deal in the multifamily sector within the Redlands market.