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Gelt Acquires Property From Redhill Realty Investors In Anaheim For $146.5M With Chelsea Jervis As Buyer's Rep

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SOLD
$146,500,000

California

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MultiFamily
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Property Image
SOLD

Gelt Acquires Property From Redhill Realty Investors In Anaheim For $146.5M With Chelsea Jervis As Buyer's Rep

3530 E La Palma Ave, Anaheim, CA, 9...

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MultiFamily
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is The Oasis Anaheim, located at 3530 E La Palma Ave, Anaheim, CA. The asset was sold for $146,500,000.00 and consists of two four- and five-story buildings housing a total of 312 apartments. Built in 2009 on 5.2 acres, The Oasis Anaheim offers various layouts including loft, townhome, one-bedroom, and two-bedroom options. Amenities on-site include a resort-style pool, fitness center/yoga studio, clubhouse, recycling services, a business center, barbecue grills, and 626 parking spaces.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $146,500,000.00
  • Buyer: Gelt
  • Seller: Redhill Realty Investors
  • Buyer’s Representatives: Sean Deasy, Ryan Fitzpatrick, and Chelsea Jervis - JLL
  • Location: 3530 E La Palma Ave, Anaheim, CA
  • Market: Anaheim
  • Year Built: 2009
  • Acreage: 5.2
  • Amenities: Resort-style pool, fitness center/yoga studio, clubhouse, recycling services, business center, barbecue grills, 626 parking spaces
  • Apartment Count: 312

Sean Deasy, Ryan Fitzpatrick, and Chelsea Jervis from JLL represented both the buyer, Gelt, and the seller, Redhill Realty Investors, in the transaction. The Oasis Anaheim is situated in a transit-oriented area of northeast Anaheim, enhancing its appeal as a valuable investment.

Players

Ryan Fitzpatrick
4 deals$382.5M volume
BROKER

Sean Deasy
JLL
8 deals$595.9M volume
BROKER

Chelsea Jervis
JLL
3 deals$289.5M volume
BROKER

Details

SOLD
IMAGE: 3530 E La Palma Ave, Anaheim, CA, 9... MARKET: Anaheim BUYER'S REP: Sean Deasy, Ryan Fitzpatrick, and Chelsea Jervis -JLL BUYER: Gelt SELLER: Redhill Realty Investors PRICE: $146,500,000.00 SF: 0

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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