{"id":7638,"date":"2018-04-27T10:22:09","date_gmt":"2018-04-27T17:22:09","guid":{"rendered":"https:\/\/mhpmag.com\/?p=7638"},"modified":"2018-04-27T11:12:54","modified_gmt":"2018-04-27T18:12:54","slug":"granada-hills-townhomes-trade-hands-at-21-5-million","status":"publish","type":"post","link":"https:\/\/yieldpro.com\/2018\/04\/granada-hills-townhomes-trade-hands-at-21-5-million\/","title":{"rendered":"Granada Hills Townhomes trade hands at $21.5 million"},"content":{"rendered":"<p>Marcus &amp; Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Granada Pointe Townhomes, a 52-residence multifamily asset in the Granada Hills neighborhood of Los Angeles. The property sold for $21.5 million, which equates to $413,462 per unit. Marcus &amp; Millichap Capital Corp. (MMCC), secured $10.75 million in acquisition financing.<\/p>\n<p>\u201cThe transaction provides the new owner with a recent vintage, free-market asset in a submarket where multifamily properties rarely become available,\u201d says Catherine Obrien, a senior associate in Marcus &amp; Millichap\u2019s Encino office.<\/p>\n<p>Obrien represented the seller and procured the buyer, a Los Angeles-based high-net-worth individual. Ronald Balys, a director with MMCC, arranged 10-year financing fixed at 4.25 percent.<\/p>\n<p>Built in 2010, Granada Pointe Townhomes is situated on nearly 100,000 square feet of park-like grounds in Granada Hills, an affluent neighborhood in the San Fernando Valley. Each residence has two bedrooms, two bathrooms, and a garage with laundry and storage.\u00a0Floor plans range from 1,354 square feet to 1,601 square feet.<\/p>\n<hr \/>\n<h5><strong><em>About Marcus &amp; Millichap<\/em><\/strong><\/h5>\n<p><em>With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus &amp; Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed nearly 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus &amp; Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry\u2019s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &amp; Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Granada Pointe Townhomes, a 52-residence multifamily asset in the Granada Hills neighborhood of Los Angeles. The property sold for $21.5 million, which equates to $413,462 per unit. Marcus &amp; Millichap Capital [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":7639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[606,605,432],"tags":[609,473,608],"class_list":["post-7638","post","type-post","status-publish","format-standard","hentry","category-deal-boom","category-news","category-pacific-region","tag-deal-boom","tag-los-angeles","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v24.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Granada Hills Townhomes trade hands at $21.5 million | Yield PRO<\/title>\n<meta name=\"description\" content=\"Marcus &amp; Millichap has announced the sale of Granada Pointe Townhomes, a 52-residence multifamily asset in the Granada Hills neighborhood of Los Angeles. The property sold for $21.5 million, which equates to $413,462 per unit. Marcus &amp; Millichap Capital Corp. (MMCC), secured $10.75 million in acquisition financing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yieldpro.com\/2018\/04\/granada-hills-townhomes-trade-hands-at-21-5-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granada Hills Townhomes trade hands at $21.5 million\" \/>\n<meta property=\"og:description\" content=\"Marcus &amp; Millichap has announced the sale of Granada Pointe Townhomes, a 52-residence multifamily asset in the Granada Hills neighborhood of Los Angeles. The property sold for $21.5 million, which equates to $413,462 per unit. Marcus &amp; Millichap Capital Corp. 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