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IPA Brokers Record-Setting Multifamily Sale in Ventura
Long Beach, CA-based NNC Apartment Ventures Inc. acquired Via Ventura, a 192-unit apartment property in Ventura, CA from Equity Residential for $74 million. The per-unit price equates to $385,417, a record for a multifamily asset in the city.
Built in 2002, Via Ventura consists of 14 two-story apartment buildings at 930 Pacific Strand Ct. The property is situated on more than nine acres near the 101 Tech Corridor, the Wellness District and other major employment hubs.
Marcus & Millichap’s Institutional Property Advisors (IPA) division handled the sale. The group’s Kevin Green, Greg Harris, Ron Harris, and Joseph Grabiec represented the seller, as well as procured the buyer.
Green says, “One of the premier assets in Ventura County, this multifamily property presents new ownership with a compelling value enhancement opportunity through select upgrades to the property’s original interior finishes.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




