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Neema Ahadian & Leo Laterza Acquire Multifamily Portfolio In Wilmington For $8.68M

The Wilmington Portfolio: 1147 Broad Avenue; 822 North Marine Avenue; 920 North Avalon Place
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This MultiFamily property located in CA was sold for $8,680,000 over 4 years ago. The brokers of the deal were Neema Ahadian and Leonardo (Leo) Laterza

The Wilmington Portfolio in Wilmington, consisting of three properties located at 1147 Broad Avenue, 822 North Marine Avenue, and 920 North Avalon Place, has been sold. The multifamily asset, represented by Neema Ahadian and Leo Laterza from The Neema Group, was sold on 12/23/2019 for a total price of $8,680,000. The property encompasses a total of 34,862 square feet, with a price per square foot of $248.98. It features 62 units, with an average price per unit of $140,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,680,000
  • Address: 1147 Broad Avenue, 822 North Marine Avenue, 920 North Avalon Place, Wilmington
  • Market: Wilmington
  • Represented by: Neema Ahadian & Leo Laterza from The Neema Group
  • Square Footage: 34,862
  • Price per Square Foot: $248.98
  • Number of Units: 62
  • Price per Unit: $140,000

Neema Ahadian and Leo Laterza from The Neema Group were the brokers representing the buyers and sellers in this transaction.

View Related

Deals
  • Location
    1147 Broad Avenue, Wilmington, CA, USA1147 Broad Avenue, Wilmington, CA, USA
  • Sale Price
    $8,680,000$8,680,000
    $249 PPSF$249 PPSF
  • Area
    34,862 SF34,862 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Neema Ahadian

Neema Ahadian

Deals59
Sold$526.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Neema Ahadian & Leo Laterza @theneemagroup DATE: 12/23/2019 ADDRESS: The Wilmington Portfolio: 1147 Broad Avenue; 822 North Marine Avenue; 920 North Avalon Place MARKET: Wilmington ASSET TYPE: Multifamily BROKERS: Neema Ahadian & Leo Laterza PRICE: $8,680,000 SF: 34,862 ~ PPSF: $248.98 UNITS: 62 PPU: $140,000

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The Wilmington Portfolio: 1147 Broad Avenue; 822 North Marine Avenue; 920 North Avalon Place

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