View Mobile Site
 

Ask the Expert

Signal Photos

 

SCV apartment building sells for $4.8 million

Posted: May 14, 2014 2:00 a.m.
Updated: May 14, 2014 2:00 a.m.

The 30-unit multi-family property in the Santa Clarita Valley was sold for $4.8 million.

 

A 30-unit multi-family property in Santa Clarita sold for approximately $4.8 million.

Jesus Henao, vice president of NAI Capital’s Encino office represented both the seller and buyer in the deal.

Located at 18071 Beneda Lane in Canyon Country, the Beneda Lane Apartments were purchased by the Berry Family Trust.

The sale translated to $158,333 per unit. The 30-unit apartment building represented the second multi-family sale by Henao within the past six months.

The property consisted of 90 percent 2 bedroom and 2 bath units, and the remaining units were 1 bedroom, 1 bath.

There was no deferred maintenance and this was the first time the property changed hands since it was developed in 1988, said a spokesperson for NAI commercial realty company.

Henao said the deal came together based on an interested investor looking for a 1031 real estate investment exchange.

“I immediately contacted the owner of Beneda Lane Apartments who was interested in selling but concerned with the capital gains ramifications,” Henao said.

The NAI team worked to satisfy the needs of both the buyer and the seller, he said.

 

Comments

No comments have been posted.

You need to be a registered user to post a comment. Please click here to register.

The Signal encourages readers to interact with one another, following the guidelines outlined in our Comment/Moderation Policy. Click here to read it.

To report offensive or inappropriate comments, e-mail abuse@signalscv.com. The content posted from readers of signalscv.com does not necessarily represent the views of The Signal or Morris Multimedia. By submitting this form you agree to the terms and conditions listed above. Thank you in advance for your cooperation.

 
 

Powered By
Morris Technology
Please wait ...