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Raintree Partners Acquires Multifamily Property In La Crescenta-Montrose For $34.5M

3250 Fairesta Street
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This MultiFamily property located in CA was sold for $34,500,000 over 4 years ago. The brokers of the deal were Joseph "Joe" Grabiec, Gregory (Greg) Harris, and Kevin Green

Located in La Crescenta-Montrose, the multifamily property at 3250 Fairesta St has recently been sold. The transaction took place on 12/17/2019, with a sale price of $34,500,000. The property consists of 231 units, resulting in a price per unit of $149,350. This acquisition was made by Raintree Partners, represented by Aaron Hancock. The sellers, Stockbridge and NNC Apartment Ventures, entrusted the sale to Kevin Green, Joe Grabiec, and Greg Harris of IPA (Marcus & Millichap).

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $34,500,000
  • Address: 3250 Fairesta St
  • Market: La Crescenta-Montrose
  • Units: 231
  • Price Per Unit: $149,350
  • Seller: Stockbridge & NNC Apartment Ventures
  • Buyer: Raintree Partners - Aaron Hancock
  • Brokers: Kevin Green, Joe Grabiec, Greg Harris - IPA (Marcus & Millichap)

Aaron Hancock of Raintree Partners played a key role as the buyer in this transaction. Representing the sellers, Stockbridge and NNC Apartment Ventures, were Kevin Green, Joe Grabiec, and Greg Harris of IPA (Marcus & Millichap). Together, these individuals and companies facilitated the successful sale of this multifamily property at 3250 Fairesta St.

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Deals
  • Location
    3250 Fairesta Street, La Crescenta, CA 91214, USA3250 Fairesta Street, La Crescenta, CA 91214, USA
  • Sale Price
    $34,500,000$34,500,000
    $401 PPSF$401 PPSF
  • Area
    86,008 SF86,008 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Kevin Green

Kevin Green

Deals35
Sold$2.5B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Aaron Hancock, Kevin Green, Joe Grabiec & Greg Harris DATE: 12/17/2019 ADDRESS: 3250 Fairesta St MARKET: La Crescenta-Montrose ASSET TYPE: Multifamily PRICE: $34,500,000 UNITS: 231 PPU: $149,350 SELLER: Stockbridge & NNC Apartment Ventures BUYER: Raintree Partners - Aaron Hancock BROKERS: Kevin Green, Joe Grabiec, Greg Harris - IPA (Marcus & Millichap)

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3250 Fairesta Street

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