CBC Closes $1.2 Million Deal in Apple Valley
Coldwell Banker Commercial Vice President and Multi-Family Specialist, Bob Basen along with Multi-Family Specialist Jerrad Schendel coordinated the sale of a 12 unit apartment building on Apple Valley Road in Apple Valley, CA. The apartments total 15,540 SF and are situated on two lots totaling 47,360 square feet and located in the highly sought after Desert Knolls area of Apple Valley.
The Seller, looking to reposition their portfolio and dispose of the property in a short time period, contacted Coldwell Banker Commercial to facilitate the disposition of the property for top dollar in short order. With Basen and Schendel’s expertise and extensive contact lists, the agents provided two quality offers within a week time. Shortly thereafter, a purchase agreement was negotiated with one of the prospective buyers and within 45 days, a successful transaction was recorded.
“We reached out to our extensive database of potential buyers that would have interest in the asset class and be able to close quickly. Our tools and contacts at Coldwell Banker Commercial were immensely helpful during this process and left us confident that we could find the right buyer for the property,” stated Basen. “With these tools we were able to create a successful transaction while achieving our client’s goal.”