Paul Warkentin Purchases Multifamily Asset On Ellwood Beach Drive In Goleta For $3.235M

The property involved in the transaction is a multifamily asset located at 406 Ellwood Beach Drive in Goleta. The sale price of the property was $3,235,000. The asset comprises 8 units with a total square footage of 6,819, resulting in a price per unit of $404,375 and a price per square foot of $474.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,235,000
• Address: 406 Ellwood Beach Drive
• Market: Goleta
• Units: 8
• Price Per Unit: $404,375
• Square Footage: 6,819
• Price Per Square Foot: $474
• Seller: Steven Rickborn
• Seller's Representative: Robert Schenk & Daniel Withers - Matthews
• Buyer: Paul Warkentin
• Buyer's Representative: Mike Lopus & Austin Herlihy - Colliers

The transaction highlights the involvement of key individuals and firms, including the seller Steven Rickborn, who was represented by Robert Schenk and Daniel Withers from Matthews. The buyer, Paul Warkentin, was represented by Mike Lopus and Austin Herlihy from Colliers.