JUST CLOSED!!! 50 UNITS IN GROVER BEACH, CA for $11,600,000
Highlights
- With our Extensive Marketing Plan we had (15) Property Tours and Generated (8) Offers.
- Sold for $11,600,000 ($232,000/Unit)
- Was on the Market 21 Days
- Orange County Buyer
- Seller Exchanged into Apartments in Colorado
- Buyer Removed ALL CONTINGENCIES at Signing of the Purchase Agreement.
- 4.47% Cap Rate on Current Operations
- We had Offers From Local, Southern California, Central Valley and Bay Area Buyers.
Jon Mimms of the “Mimms Group” Represented Seller and Buyer in this Transaction.
Real Estate Financing / Trust Deed Investing
3 年Beast mode
Mortgage Loan Originator / Owner
3 年Your the best!!!
Owner at Harper | Multi-Unit Commercial Remodeling Expert
4 年Nice. Let me know if the new buyer needs help renovating. Im local to Grover Beach and specialize in Apartment Renovations
Co-Founder & CEO/CIO of Merchant Banking Resources. A Licensed California Finance Lender.
4 年Great Job! Please Call On Us for your Commercial Mortgages Nationwide. Thank you. [email protected] 310-486-3442
Founding Partner @ Christensen Group | Top Closer, Multifamily Advisor
4 年Congrats Jon!!