SOLD
Marcus & Millichap Sells Birch Terrace Apartments In Brea For $13.6M
601, 613, & 617 East Birch Street
MultiFamily
Sold 338 days ago
Summary
Sale
CALIFORNIA
MultiFamily
Birch Terrace Apartments, a fully renovated multifamily property located at 601, 613, & 617 East Birch Street in Brea, California, has been sold for $13.6 million. The transaction was handled by Marcus & Millichap, who also arranged $5 million in acquisition financing through Marcus & Millichap Capital Corporation.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,605,000
- Units: 36
- Price Per Unit: $377,917
- Market: Brea
Nick Kazemi, Tyler Leeson, and Matt Kipp, representing Marcus & Millichap, played a crucial role in the sale of Birch Terrace Apartments. Michael Derk, from Marcus & Millichap Capital Corporation, served as the mortgage broker for the $5 million acquisition financing.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Michael Derk, Nick Kazemi, Tyler Leeson & Matt Kipp
DATE: 05/31/2023
ADDRESS: 601, 613, & 617 East Birch Street
MARKET: Brea
ASSET TYPE: Multifamily
BROKERS: Nick Kazemi (@NickKazemi), Tyler Leeson (@Tyler_Leeson) & Matt Kipp (@MjKipp) - Marcus & Millichap
MORTGAGE BROKER: Michael Derk - Marcus & Millichap Capital Corporation (@MarcusMillichapLosAngeles)
SALE PRICE: $13,605,000
UNITS: 36 ~ PPU: $377,917
NOTE: Marcus & Millichap has sold Birch Terrace Apartments, a fully renovated multifamily property in Brea, California, for $13.6 million. The sale included arranging $5 million in acquisition financing through Marcus & Millichap Capital Corporation.View on map
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Address601, 613, & 617 East Birch Street
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