Encino Multi-Family Building Fetches $5.5 Million
| ENCINO, CA – Bella Vista Court, LLC has purchased a 38-Unit apartment building at 17938 Burbank Boulevard from the Nagler Family trust for a transaction value of $5.5 million. |
| Rod Delson with NAI Capital’s Westlake Village office represented both parties in the transaction. |
| Built in 1962, the 37,213 square foot complex is located in a prime section of Encino. Property amenities include a pool, parking, gated building, open courtyard, and on-site laundry. According to Delson, the building was 95% occupied at the time of the sale. |
| For more information, contact Rod Delson with NAI Capital’s Westlake Village office at 805-277-4017. |
| About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a worldwide real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com. # # # |
| Print article | This entry was posted by NAI Capital on January 26, 2011 at 8:56 pm, and is filed under Investment, Press Releases, Recent Transactions. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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