Nijjar Realty Acquires Antelope Valley Multifamily Portfolio For $7.4M

A multifamily asset in the Antelope Valley has been sold in an off-market deal for a total price of $7,400,000. This transaction involved three properties located at 2349 W Avenue, 43711 Challenger Way, and 959 E Avenue. The portfolio consists of 67 units spanning a total square footage of 66,066, resulting in a price per square foot of $112.01. The buyer of this property is Nijjar Realty.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,400,000
• Square Footage: 66,066
• Price per Square Foot: $112.01
• Number of Units: 67

This deal was an all-cash transaction with a 30-day closing period. Jesus H. Henao, representing Nijjar Realty, served as the broker in this transaction. It is worth noting that this sale took place off-market, demonstrating the strength of private negotiations in real estate transactions.