7/3/2008

Hendricks & Partners sells California complex for $11.3 million

by Eric Ramsden
Hendricks & Partners negotiated the sale of the Newport Terrace apartments in Newport Beach, Calif., for $11.3 million.

Steven C. Brombal of the Newport Beach office of Hendricks & Partners arranged the sale of the property, which sold for $230,624 per unit and $288.09 per square foot.

Located at 1401-1409 Superior Ave., the apartments contain 49 units and were constructed in 1974. The complex features seven two and three-story buildings on three contiguous parcels of land.

Address: 1401-1409 Superior Ave., Newport Beach, Calif.

Size: 49 units

Built: 1974

---

Filed Under: Multi-Family

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the text from image below to this textbox

crefeed.com -- Related Headlines

• Transwestern handles sale of Austin apartments - 9/5/2008
• Eight multi-family units in Seattle bring $1.53M - 9/4/2008
• Hendricks & Partners broker $29M sale of Inland Empire multi-family - 9/3/2008
• New Orleans apartments being offered for $31.5M - 9/2/2008
• Marcus & Millichap sells Philadelphia apartments - 8/29/2008
• Charles Dunn orchestrates sale of Los Angeles multi-family - 8/28/2008
• California multi-family brings $2.7M - 8/28/2008
• Marcus & Millichap negotiate sale of Colorado apartments - 8/28/2008
• Hendricks & Partners finalizes sale of suburban Dallas apartments - 8/27/2008
• Tucson student housing portfolio fetches $11.185M - 8/26/2008