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Eric Chen & Blake Torgerson Sell Multifamily Property In Brawley For $4.5M

650 North Imperial Avenue
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This MultiFamily property located in CA was sold for $4,459,000 about 3 years ago. The brokers of the deal were Eric Chen and Blake Torgerson

A multifamily property located at 650 N. Imperial Avenue in Brawley has been sold for $4,459,000. The property consists of 41 units, with an average price per unit of $108,756. The total square footage of the property is 51,600, resulting in a price per square foot of $86. The capitalization rate for this transaction is 6.08%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,459,000
  • Units: 41
  • Price Per Unit: $108,756
  • Square Footage: 51,600
  • Price Per Square Foot: $86
  • Capitalization Rate: 6.08%

The sale of this multifamily property was facilitated by Eric Chen from Eric_C_Chen and Blake Torgerson from BlakeTorg32.

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Deals
  • Location
    650 North Imperial Avenue, Brawley, CA, USA650 North Imperial Avenue, Brawley, CA, USA
  • Sale Price
    $4,459,000$4,459,000
    $86 PPSF$86 PPSF
  • Area
    51,600 SF51,600 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Eric Chen

Eric Chen

Deals55
Sold$597.4M

Blake Torgerson

Blake Torgerson

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Sold$183M

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Eric Chen & Blake Torgerson DATE: 02/10/2021 ADDRESS: 650 N. Imperial Avenue MARKET: Brawley ASSET TYPE: Multifamily BROKERS: Eric Chen @Eric_C_Chen & Blake Torgerson @BlakeTorg32 SALE PRICE: $4,459,000 UNITS: 41 ~ PPU: $108,756 SF: 51,600 ~ PPSF: $86 CAP: 6.08%

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650 North Imperial Avenue

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