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Decron Properties Sells Simi Valley Multifamily For $190M With IPA-Marcus & Millichap

241 Country Club Drive
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This MultiFamily property located in CA was sold for $190,000,000 over 2 years ago. The brokers of the deal were Joseph "Joe" Grabiec, Gregory (Greg) Harris, and Kevin Green

Decron Properties has sold a multifamily property located at 241 Country Club Dr. in Simi Valley. The property consists of 504 units and was sold for a total price of $190,000,000, resulting in a per unit price of $376,984. The transaction took place on 12/03/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $190,000,000
  • Address: 241 Country Club Dr., Simi Valley
  • Units: 504
  • Price Per Unit (PPU): $376,984

The sale was facilitated by Kevin Green, Greg Harris, and Joseph Grabiec from Institutional Property Advisors, who represented the seller, Decron Properties. They are part of the Marcus & Millichap agency.

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Deals
  • Location
    241 Country Club Dr, Simi Valley, CA, USA241 Country Club Dr, Simi Valley, CA, USA
  • Sale Price
    $190,000,000$190,000,000
    $289 PPSF$289 PPSF
  • Area
    656,850 SF656,850 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: Kevin Green, Greg Harris & Joseph Grabiec DATE: 12/03/2021 ADDRESS: 241 Country Club Dr. MARKET: Simi Valley ASSET TYPE: Multifamily SELLER: Decron Properties BROKERS: Kevin Green, Greg Harris & Joseph Grabiec (Institutional Property Advisors) - Marcus & Millichap SALE PRICE: $190,000,000 UNITS: 504 ~ PPU: $376,984

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241 Country Club Drive

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