Gemdale USA Sells Multifamily Asset In West Covina For $31.9M | 2900 East Virginia Avenue | Kevin Green, Joseph "Joe" Grabiec, Greg Farris | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

2,012 sqft

A multifamily property located at 2900 E Virginia Ave in West Covina has been sold for $31,900,000. The property consists of 85 units, with a price per unit (PPU) of $375,885. The transaction took place on April 6, 2020.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $31,900,000
Address: 2900 E Virginia Ave
Market: West Covina
Units: 85
Price Per Unit (PPU): $375,885

The seller of the property was Gemdale USA. The brokers involved in the deal were Kevin Green, Greg Harris, and Joseph Grabiec from Institutional Property Advisors (IPA), along with Tyler Leeson from Marcus & Millichap.

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Players

All
4

Agents
3
Agencies
1

$2.5B Sold

$2.1B Sold

$208.4M Sold

Details

Deal Summary

SOLD

IMAGE: Kevin Green, Greg Harris, Joseph Grabiec & Tyler Leeson DATE: 04/06/2020 ADDRESS: 2900 E Virginia Ave MARKET: West Covina ASSET TYPE: Multifamily SELLER: Gemdale USA BROKERS: Kevin Green, Greg Harris & Joseph Grabiec - Institutional Property Advisors (IPA), Tyler Leeson - Marcus & Millichap PRICE: $31,900,000 UNITS: 85 PPU: $375,885

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Address2900 East Virginia Avenue

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