Waterford Property Company Acquires Multifamily Property In Pasadena For $67M
289 North El Molino Avenue
124,631 SF
Summary
The multifamily property located at 289 N. El Molino Ave. in Pasadena has been sold in a transaction valued at $67,000,000. The property consists of 105 units, resulting in a per unit price of $638,095. The sale was facilitated by Kevin Green and Gregory Harris from Institutional Property Advisors, representing the buyer, Waterford Property Company - Sean Rawson & California Statewide Community Development Authority, and the seller, Summerhill Communities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,000,000
- Units: 105
- Price per Unit: $638,095
- Market: Pasadena
Waterford Property Company - Sean Rawson & California Statewide Community Development Authority acquired the property from Summerhill Communities in this notable transaction. Kevin Green and Gregory Harris, representing Institutional Property Advisors, played a key role as brokers in facilitating the deal.
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