IPA Team Closes Sale of Pomona Multifamily

Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Terramonte at Foothill, a 138-unit multifamily asset in Pomona. The $36.7-million sale price represents $265,942 per unit.

“The sale is one of only four 100-plus-unit, market-rate multifamily transactions to have occurred in Pomona over the past five years,” said Kevin Green IPA executive director. Green, Chris Zorbas, Joseph Grabiec, Alexander Garcia Jr., and Greg Harris of IPA represented the seller, Positive Investments, and procured the buyer, Sack Capital Partners.

The property is located on Foothill Boulevard/State Route 66 off State Route 210, near Interstate 10. These freeways, and the nearby Montclair TransCenter, Pomona Transit Center and Pomona-North Metrolink station, provide transportation options to employment centers in Los Angeles and throughout the Inland Empire. California State Polytechnic University, Pomona, the University of La Verne, Western University of Health Sciences and the Claremont Colleges surround the property.

Join the industry’s top multifamily decision-makers at Connect Apartments on September 22 in LA. Hear from the investors, developers, lenders, owners, and advisors shaping today’s apartment market through candid conversations, networking, and market insights. Register today at www.connectapts2026.com.

Inside The Story

IPA's Green

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).

Order Reprints