Marlon LTD Purchases Property From RC Hobbs Cos For $15 Million With Broker Daniel Blackwell

The transaction involves the sale of two seniors housing communities, one located at 130 S Hewes St, Orange, CA 92869. The total transaction price for these newly constructed apartment communities amounted to $15,000,000. The properties included a 28-unit community at 184 N. Prospect St. and a 12-unit community at the specified address. The market for this transaction is identified as Orange, California, situated approximately 33 miles southeast of downtown Los Angeles.

Summary of transaction details:

• Property Type: Seniors housing
• Transaction Amount: $15,000,000
• Buyer: Marlon LTD
• Seller: RC Hobbs Cos
• Buyer’s Representative: Daniel (Dan) Blackwell, Dan Blackwell - CBRE
• Square Footage: 0

CBRE's Dan Blackwell facilitated the transaction by representing both Marlon LTD and RC Hobbs Cos. The deal was contingent upon Marlon LTD successfully selling two older properties located in nearby Tustin. Additionally, Korkees LP, represented by Blackwell, was involved in purchasing the two older assets in Tustin during this exchange process.