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Glendora Multifamily Property Trades for $6M
NLZ Capital LLC has acquired a 20-unit, two-story, garden style apartment complex in Glendora, CA for $6 million. Cushman & Wakefield’s Mark Bridge and Jon Mitchell represented the private seller as part of a 1031 exchange. The buyer was represented by Eric Chen with CBRE.
“The property is well situated along a residential street with excellent curb in the Charter Oak neighborhood. We received over a dozen offers on the property and were able to secure an excellent above-ask offer of $306,250 per unit,” said Bridge in a news release.
The property consists of 16 two-bedroom and 4 one-bedroom units and is located just south of the 210 freeway at 710 Claraday St. All units offer washer and dryer hookups, individual HVAC units outside, gas ranges and granite countertops.
- ◦Sale/Acquisition
