CBRE Brokers Acquire Riverside Multifamily Property For $14M

A multifamily property located at 3855 Skofstad St. in Riverside has been sold. The property consists of 50 units with a price per unit of $280,000, resulting in a total sale price of $14,000,000. The total square footage of the property is 41,264, with a price per square foot of $339.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Units: 50
• Price per Unit: $280,000
• Square Footage: 41,264
• Price per Square Foot: $339

The sale of this multifamily property was facilitated by brokers Eric Chen, Dan Blackwell, and Blake Torgerson from CBRE. They represented the parties involved in the transaction, ensuring a successful deal.