RIVERSIDE, CA, January 14, 2020 – The Leeson Group announced today the sale of University Court, a 17-unit apartment property located in Riverside, CA. The asset sold for $2,600,000. Alexander Garcia, Jr., Matthew J. Kipp, and Tyler Leeson, investment specialists in Marcus & Millichap’s Newport Beach office, represented both the buyer and the seller in this transaction. The team was able to generate multiple offers with an extensive marketing campaign and ultimately delivered an attractive offer with just a 10-day due diligence period.
Tyler Leeson, Senior Managing Director at Marcus & Millichap’s Newport Beach office stated, “University Court is an excellent example of the collaboration between our team and the other agents of our firm. We were ability to engage our Marcus & Millichap colleagues throughout Southern California and identify a great Buyer represented by an agent in our Ontario office. These results exemplify the reach of our firm and why the seller selected us to exclusively list the property.”
The asset, located at 1415 7th Street, Riverside, CA consists of one-, two-, and three-bedroom units and features attractive amenities including carpet & wood flooring, A/C, hallway cabinets, chrome fixtures, granite countertops, and a swimming pool.