High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Orange County  + Apartments  | 
Marcus & Millichap arranged the sale and financing of Birch Terrace Apartments located in Brea, California

Marcus & Millichap Arranges Sale and Financing of Brea Apartments

Marcus & Millichap arranged the sale and financing of Birch Terrace Apartments, a multifamily property located at 601, 613, and 617 E. Birch St. in Brea. The 36-unit asset sold for $13,605,000 million. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $5,000,000 in acquisition financing. 

Tyler Leeson and Matt Kipp, investment specialists in Marcus & Millichap’s Orange County office, marketed the property on behalf of the seller, a limited-liability company based in California. The buyer, an individual investor, was also procured by Leeson, Kipp and Nick Kazemi, also an investment specialist in the Orange County office. 

“Given the very limited availability of fully renovated apartment buildings, Birch Terrace Apartments represents a rare sale within the Orange County market,” said Leeson. “Both buyer and seller were able to achieve their goals with the successful closing of Birch Terrace.” 

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

Marcus & Millichaps ;eeson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action