Radius Group Commercial Real Estate Continues to Sell Apartment Buildings with Immense Buying Competition |
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Santa Barbara, CA - 6/27/08
Radius Group Commercial Real Estate Continues to Sell Apartment Buildings with Immense Buying Competition
Radius Group Commercial Real Estate is pleased announce the sale of a 16 unit apartment building in
Ojai
,
California
.
Steve Golis
, Co-founder of Radius Group and Jan Finley on the Golis Team successfully represented both buyer and seller. The subject property at 301-305 N. Signal Street sold for $120,000 per unit at a 5.72% cap rate. The property sits on a 15,000 square foot commercially zoned lot and is located two blocks from the newly renovated Ojai avenue. The seller had owned the property for 8 years and exchanged into a NNN TIC in
Georgia
. The buyer, who owns other apartment properties in
Santa Barbara
County
, is an LLC from
Southern California
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