MF Asset Management Acquires Palmdale Multifamily For $18.5M

MF Asset Management, led by Mark Friedman, has acquired a multifamily property located at 700 W Avenue I in Palmdale. The transaction was facilitated by brokers Kevin Green, Greg Harris, and Joe Grabiec. The property was sold by E&S Ring Management Corporation for a price of $18,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Date: 09/01/2021
• Address: 700 W Avenue I, Palmdale
• Market: Palmdale

The multifamily property offers 90 units, providing an average price per unit of $205,555. The total square footage of the property is 76,300, resulting in a price per square foot of $242. The deal was successfully closed with the involvement of MF Asset Management as the buyer and brokers Kevin Green, Greg Harris, and Joe Grabiec.