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CBC Multi-Family Team Sells Apartment Building in Hesperia

FOR IMMEDIATE RELEASE

Coldwell Banker Commercial’s Multi-family Team is finishing off the year with even more successful transactions. Executive Vice President, Bob Basen, and Senior Sales Associate, Jerrad Schendel recently represented the buyer of a 4-Unit apartment property situated in Hesperia. Although inventory is low in the Multi-family sector, Basen and Schendel continue to keep the momentum and pace strong in this competitive market.

An extensive contact list and close attention to the market assisted Basen and Schendel in locating this excellent property which suited their client’s needs. The seller, an Orange Country Real Estate Agent, had worked closely and successfully with Coldwell Banker Commercial in the past, paving the road for a smooth and timely transaction.

The buyer, a first time apartment investor, was in excellent hands with Basen and Schendel’s extensive expertise in the sector. Prioritizing frequent communication and follow-up while offering guidance throughout the transaction process are a few contributing factors that have made Coldwell Banker Commercial’s Multi-family team a success. “Working with a first time apartment investor is always extremely rewarding. There are many elements to consider when purchasing an apartment property and we seek to inform and guide our clients throughout the entire process. We encourage our clients to make smart decisions that work best for their long-term goals. This helps us secure repeat clients and we consider our efforts a success so long as our clients’ experiences are a success,” stated Schendel.

With a final sales price of $404,000, the buyer was able to secure an FHA loan which worked best for their long-term plan. Basen and Schendel worked diligently to locate an investment property that offered FHA financing. Located minutes from Interstate 15 and offering close proximity to schools, shopping and restaurants, the property features and low vacancy were exactly what the new Coldwell Banker Commercial client was seeking.