Colliers International Completes 64 Unit Apartment Sale for $12.730 Million in Huntington Beach, Calif.
Orange County, CA – November 30, 2011 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed a 64 unit apartment sale located at 19822 Brookhurst St., Huntington Beach, Calif. The transaction is valued at $12.730 million.
Pat Swanson, Vice President, based in Colliers International’s Irvine office, represented both the Buyer, MHE Properties, and the Seller, The Von Gremp Family.
This apartment complex was completely renovated in 2004 and boasts 100% occupancy with low rents in place.
“The property was sold as an off market transaction with an exchange Buyer. The Buyer liked the over quality of the building, its location, and the potential to raise rents,” stated Swanson.
About Colliers International
Colliers International is the third largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.
Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla.
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
www.colliers.com
