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Marcus & Millichap Sells Birch Terrace Apartments In Brea For $13.6M

Property Image
SOLD
$13,605,000
Nick Kazemi
Matthew Kipp
Tyler Leeson

California

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MultiFamily
Sold 05/31/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Birch Terrace Apartments In Brea For $13.6M

601 E Birch St Brea, Ca 92821, Usa

See Similar Deals
MultiFamily
Sold 05/31/2023
Nick Kazemi
Matthew Kipp
Tyler Leeson
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

Tyler Leeson
Marcus & Millichap
Tyler Leeson
14 deals$397.4M volume
BROKER
Matthew Kipp
Marcus & Millichap
Matthew Kipp
12 deals$420.1M volume
BROKER
Nick Kazemi
Marcus & Millichap
Nick Kazemi
8 deals$205.2M volume
BROKER

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.

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