ORANGE COUNTY, CA. – Colliers International, the third largest global real estate services organization, has completed a 64 unit apartment sale located at 19822 Brookhurst St., Huntington Beach, Calif. The transaction is valued at $12.730 million.
Pat Swanson (top right photo), Vice President, based in Colliers International’s Irvine office, represented both the Buyer, MHE Properties, and the Seller, The Von Gremp Family.
This apartment complex was completely renovated in 2004 and boasts 100% occupancy with low rents in place.
“The property was sold as an off market transaction with an exchange Buyer. The Buyer liked the over quality of the building, its location, and the potential to raise rents,” stated Swanson.
Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
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Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
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