Cityview Acquires Multifamily Property In Woodland Hills For $113.7M

The multifamily property located at 6355 De Soto Ave. in Woodland Hills has recently been sold. The transaction took place on 05/23/2022, with the buyer being Cityview and the seller being Nuveen. The deal was facilitated by brokers Peter Yorck and Nick Lavin from JLL. The sale price for this property was $113,700,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $113,700,000
• Address: 6355 De Soto Ave., Woodland Hills
• Market: Woodland Hills
• Buyer: Cityview
• Seller: Nuveen
• Brokers: Peter Yorck & Nick Lavin - JLL
• Units: 244
• Price Per Unit (PPU): $465,983
• Total Square Footage: 228,210
• Price Per Square Foot (PPSF): $498

This successful transaction showcases the demand for multifamily properties in Woodland Hills. The involvement of Cityview as the buyer and Nuveen as the seller demonstrates their confidence in the market potential of this property. The deal was executed through the expertise of brokers Peter Yorck and Nick Lavin from JLL. Their knowledge and negotiating skills played a crucial role in bringing this sale to fruition.