The property asset involved in this transaction is a multifamily unit located at 40235 Harris Lane in Palm Desert. The sale price of the property was $5,500,000, consisting of 24 units, which results in a price per unit of $229,166. The total square footage of the property is 24,360, yielding a price per square foot of $225.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Units: 24
• Price per Unit: $229,166
• Square Footage: 24,360
• Price per Square Foot: $225
• Buyer: Ron Kolar
• Seller: Jerry Wise
• Brokers: Eric Chen, Blake Torgerson & Kevin Sin - CBRE

Key individuals in this transaction include the buyer Ron Kolar and seller Jerry Wise, both of whom facilitated the sale. The brokerage team from CBRE, consisting of Eric Chen, Blake Torgerson, and Kevin Sin, represented the interests of the parties involved in the transaction.