Flowing Streams LLC Acquires Multifamily Property In Pomona For $9.9M
3106 North Garey Avenue
Summary
The North Garey Village Apartments in Pomona have been sold for $9.9 million. The 44-unit property, located at 3106 North Garey Avenue, features two-bedroom floorplans, single-car garages, on-site laundry, storage rooms, and select units with fireplaces. Constructed in 1963, the sale equates to a price per unit of $225,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Units: 44
- Address: 3106 North Garey Avenue
- Market: Pomona
Douglas McCauley and David Covarrubias of Marcus & Millichap's Inland Empire office played pivotal roles in this transaction. They represented the seller, Kot and Offenbecher Trust, and successfully secured the buyer, Flowing Streams LLC, accomplishing the closing within a swift 28 days. The property's sale was efficiently facilitated by these experienced brokers.
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