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CBRE Brokers $28M Sale Of 75-unit Multifamily Property In Inland Empire

840 South Magnolia Avenue
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This MultiFamily property located in CA was sold for $28,000,000 over 2 years ago. The broker of the deal was Eric Chen

An investment property located at 840 S. Magnolia Avenue in Inland Empire has been sold in a recent transaction. The multifamily asset was sold by Eric Chen of CBRE. The sale price for the property was $28,000,000. The property consists of 75 units, with a price per unit of $373,333. The total square footage of the property is 60,574, with a price per square foot of $462.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $28,000,000
  • Units: 75
  • Price Per Unit: $373,333
  • Square Footage: 60,574
  • Price Per Square Foot: $462
  • Address: 840 S. Magnolia Avenue
  • Market: Inland Empire

The sale was facilitated by Eric Chen, a broker from CBRE. Chen represented the parties involved in the transaction, serving as their representative and ensuring a successful deal.

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Deals
  • Location
    840 South Magnolia Avenue, Monrovia, California 91016, United States840 South Magnolia Avenue, Monrovia, California 91016, United States
  • Sale Price
    $28,000,000$28,000,000
    $462 PPSF$462 PPSF
  • Area
    60,574 SF60,574 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Eric Chen

Eric Chen

Deals55
Sold$597.4M

Agency

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

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Deal Summary

SALE IMAGE: Eric Chen DATE: 12/06/2021 ADDRESS: 840 S. Magnolia Avenue MARKET: Inland Empire ASSET TYPE: Multifamily BROKER: Eric Chen (@Eric_C_Chen) - CBRE SALE PRICE: $28,000,000 UNITS: 75 ~ PPU: $373,333 SF: 60,574 ~ PPSF: $462

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840 South Magnolia Avenue

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