CBRE Brokers Facilitate $14M Palm Desert Multifamily Sale With 63 Units

The multifamily property located at 45278 Deep Canyon Road in Palm Desert was sold for $14,000,000. The property consists of 63 units spanning across 55,369 square feet, with a price per unit of $222,222 and a price per square foot of $253.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Units: 63
• Price per Unit: $222,222
• Square Footage: 55,369
• Price per Square Foot: $253
• Address: 45278 Deep Canyon Road
• Market: Palm Desert
• Seller's Rep: Eric Chen, Kevin Sin, Blake Torgerson, Stewart Weston & Dean Zander - CBRE

The sale of the property was facilitated by Eric Chen, Kevin Sin, Blake Torgerson, Stewart Weston, and Dean Zander from CBRE, showcasing their expertise in closing significant real estate transactions in the Palm Desert market.