A private investor purchased the Riverbrook Apartments at 1970 7th St. in Riverside, CA for $3.1 million, or about $38,000 per unit, from B.C. Dage, Inc. Built in 1979, the three-story multifamily building totals around 29,900 square feet on 1.1 acres located at the southwest corner of 7th St and Dwight Ave. The property consists of 36 one-bedroom and 45 studio units. The asset was 20 percent vacant at the time of sale. Alex Garcia of Marcus...
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverbrook-Apts-Sold-for-$31M/152052?ref=/News/Article/Riverbrook-Apts-Sold-for-$31M/152052&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverbrook-Apts-Sold-for-$31M/152052?ref=/News/Article/Riverbrook-Apts-Sold-for-$31M/152052&src=rss
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