SOLD
MF Asset Management Acquires Palmdale Multifamily For $18.5M
700 West Avenue I
MultiFamily
76,300 SF
76,300 SF
Summary
Sale
CALIFORNIA
MultiFamily
76,300 sqft
MF Asset Management, led by Mark Friedman, has acquired a multifamily property located at 700 W Avenue I in Palmdale. The transaction was facilitated by brokers Kevin Green, Greg Harris, and Joe Grabiec. The property was sold by E&S Ring Management Corporation for a price of $18,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Date: 09/01/2021
- Address: 700 W Avenue I, Palmdale
- Market: Palmdale
The multifamily property offers 90 units, providing an average price per unit of $205,555. The total square footage of the property is 76,300, resulting in a price per square foot of $242. The deal was successfully closed with the involvement of MF Asset Management as the buyer and brokers Kevin Green, Greg Harris, and Joe Grabiec.
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Details
SOLD
IMAGE: Kevin Green, Joe Grabiec, Greg Harris & Patric Lopez (@Patric_Lopez)
DATE: 09/01/2021
ADDRESS: 700 W Avenue I
MARKET: Palmdale
ASSET TYPE: Multifamily
BUYER: MF Asset Management - Mark Friedman
SELLER: E&S Ring Management Corporation
BROKERS: Kevin Green, Greg Harris & Joe Grabiec
SALE PRICE: $18,500,000
UNITS: 90 ~ PPU: $205,555
SF: 76,300 ~ PPSF: $242View on map
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Address700 West Avenue I
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