Klingbeil Capital Management Acquires Brentwood Multifamily For $49.5M

Located in Brentwood, the multifamily property at 1275 Central Blvd. has recently been sold for a total price of $49,500,000. The transaction took place on October 21, 2021. This property consists of 137 units, resulting in a price per unit (PPU) of $361,313. The asset is situated in a desirable market, making it an attractive investment opportunity for the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,500,000
• Units: 137
• Price Per Unit (PPU): $361,313
• Address: 1275 Central Blvd.
• Market: Brentwood

The purchaser in this transaction is Klingbeil Capital Management, and the seller is ConAm. Representing the deal for the buyer was Cushman & Wakefield with brokers including Jason Parr, Scott MacDonald, John Hansen, Michael Bissada, and Sydney Ladrech. These individuals played crucial roles in facilitating the successful completion of the sale.