Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 21, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Canadian Investor Spends $8 Mil on Two Inland Empire Multifamily Properties

1/25/18

Two multifamily properties containing a combined 84 units in San Bernardino were purchased by a Canadian-based investor for a total of $8 mil.

One of the properties, located at 1340 North F St, features six studios, 25 one-bedroom units, and eight two-bedroom apartments. Sitting on a one-acre lot, the complex is not rent controlled, and it is within walking distance to several dining and retail amenities.

Located at 3943 North H Street, the other property contains 45 units and presents a NNN investment opportunity, as it has been 100% leased by the San Bernardino Housing Authority until 2025 with the option of four five-year renewal extensions remaining.

CBREís Cray Carlson represented the buyer, Vista Group Inc, a condominium rental agency out of Calgary, in both transactions. The seller of 1340 North F Street, a private family trust, and the unidentified private seller of 3940 North H Street were also both repped by Carlson.

Apartment vacancies in the Inland Empire are expected to remain stable with a probable temporary rise in early 2018 due to new supply. Rents are likely to continue to increase at a moderate pace, driven by rising demand fueled by the regionís economic growth, according to CBRE research.





Return to the Archive page
 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media