CBRE Brokers Jenny Eng, Priscella Nee & Hannah Hampton Facilitate Multifamily Sale In Glendale For $7.25M

The property involved in this transaction is a multifamily asset located at 453 Ivy Street in Glendale. The sale was completed for a total of $7,250,000, reflecting a cap rate of 4.26%. The property consists of 17 units with a price per unit of $426,470. It spans a total square footage of 20,733, leading to a price per square foot of $349.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,250,000
• Cap Rate: 4.26%
• Units: 17
• Price Per Unit: $426,470
• Square Footage: 20,733
• Price Per Square Foot: $349

The transaction involved brokers Jenny Eng, Priscella Nee, and Hannah Hampton, who represented the parties through CBRE. These key individuals played a crucial role in facilitating the sale of the multifamily property, ensuring a successful transaction.