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Tuesday, April 23, 2013

Riverton of the High Desert Trades for $19M

Ranco Realty Group LLC sold the Riverton of the High Desert apartment complex at 14374 Borego Rd. in Victorville, CA to Clear Capital LLC for $19 million, or about $86,000 per unit. Originally constructed in 2008, the 220-unit multifamily property totals 197,672 square feet, comprising 16 buildings on 11.1 acres located at the southwest corner of Borego and Seneca Roads. The subject property consists of 36 one-bed, one-bath and 184 two-bed, two...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Riverton-of-the-High-Desert-Trades-for-$19M/147807?ref=/News/Article/Riverton-of-the-High-Desert-Trades-for-$19M/147807&src=rss

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