IPA Sells CT Multifamily Property
Located in Groton in a quiet country setting, the 2004-built property encompasses 14 buildings totaling 399 units.
Five Takeaways from Day Three of the Urban Land Institute’s Fall 2018 Meeting
On the third day of sessions at ULI’s fall meeting, speakers discussed the impact of rising interest rates, secondary markets and technological innovations in commercial real estate.
Berkeley Partners Acquires FL Industrial Portfolio
The three properties are located within the Park Central Business Park campus in Pompano Beach. Institutional Property Advisors arranged the deal on behalf of the seller.
Levin Johnston Arranges $27.8M Sales of Two Self-Storage Facilities in Bay Area
Located at 38491 Fremont Blvd. in Fremont, Calif., the Lock It Up Self-Storage features 637 units
SUNNYVALE AND FREMONT, CALIF. — Levin Johnston of Marcus & Millichap has brokered the sales of two self-storage facilities in Sunnyvale and Fremont, totaling $27.8 million. Adam Levin of Levin Johnston and Jacob Becher of Marcus & Millichap represented the seller and buyers in each transaction
In the first transaction, a multifamily investor acquired a 517-unit Lock It Up Self-Storage, located at 220 W. Ahwanee Ave. in Sunnyvale. Lock It Up Self-Storage sold the property for $15.5 million. Built in 1987, the property offers 44,781 net rentable square feet and was 97 percent occupied at the time of sale.
IPA Brokers Sale of 224-Unit Property
Working on behalf of Fairfield Residential, the brokerage firm procured the buyer, a private investor. The community is located around 26 miles from downtown Los Angeles.
New Tax Code’s Impact on Net-Leased Retail Investment Strategies
A new Marcus & Millichap report looks at how retail owners continue to adapt to the restrictions on business interest deductions and other changes in the tax law.