CBRE Brokers Sale of Vintage Redlands Apartments - Connect CRE
CBRE announced the closing of The Kimberly Apartments, a 54-unit multifamily investment at 475 E Cypress Avenue in Redlands, California. Sirott Investments is listed as the owner. Eric Chen and Blake Torgerson exclusively represented the buyer in this transaction. The property traded for $12,.3 million, reflecting $228,704 per unit and $144 per square foot, at a 5.71% current Cap Rate with ...
CBRE announced the closing of The Kimberly Apartments, a 54-unit multifamily investment at 475 E Cypress Avenue in Redlands, California. Sirott Investments is listed as the owner. Eric Chen and Blake Torgerson exclusively represented the buyer in this transaction. The property traded for $12,.3 million, reflecting $228,704 per unit and $144 per square foot, at a 5.71% current Cap Rate with ...
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