Positive Investments Sells Multifamily Property In Compton For $11.5M To Mark Silber
1501-1701 Kay Street
MultiFamily
493,560 SF
493,560 SF
Summary
The multifamily property located at 1501-1701 Kay St in Compton has been sold in a recent transaction. The property spans a total of 49,356 square feet and consists of 66 units. The sale price for this asset was $11,500,000, resulting in a price per square foot of $233. The buyer, Mark Silber, acquired the property from the seller, Positive Investments. The transaction had a capitalization rate of 5.10%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Square Footage: 49,356
- Price per Square Foot: $233
- Number of Units: 66
- Price per Unit: $174,242
- Capitalization Rate: 5.10%
The sale of this multifamily property was facilitated by brokers Jonathan Weir, Steve Bogoyevac, and Jessica Wright. They represented their respective clients and were instrumental in closing the deal successfully.
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1501-1701 Kay Street
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