Decron Properties Sells Simi Valley Multifamily For $190M With IPA-Marcus & Millichap | 241 Country Club Drive | Kevin Green, Joseph "Joe" Grabiec, Gregory (Greg) Harris | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

656,850 sqft

Decron Properties has sold a multifamily property located at 241 Country Club Dr. in Simi Valley. The property consists of 504 units and was sold for a total price of $190,000,000, resulting in a per unit price of $376,984. The transaction took place on 12/03/2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $190,000,000
Address: 241 Country Club Dr., Simi Valley
Units: 504
Price Per Unit (PPU): $376,984

The sale was facilitated by Kevin Green, Greg Harris, and Joseph Grabiec from Institutional Property Advisors, who represented the seller, Decron Properties. They are part of the Marcus & Millichap agency.

Players

All
4

Agents
3
Agencies
1

$2.5B Sold

$2.1B Sold

Gregory (Greg) Harris

Executive Managing Director Investments

$1.9B Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Kevin Green, Greg Harris & Joseph Grabiec DATE: 12/03/2021 ADDRESS: 241 Country Club Dr. MARKET: Simi Valley ASSET TYPE: Multifamily SELLER: Decron Properties BROKERS: Kevin Green, Greg Harris & Joseph Grabiec (Institutional Property Advisors) - Marcus & Millichap SALE PRICE: $190,000,000 UNITS: 504 ~ PPU: $376,984

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Address241 Country Club Drive

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