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Lone Star Funds Sells Surf at 39 Apts in Huntington Beach

Interstate Equities Corp Pays $134M for 400-Unit Complex
January 26, 2018
Lone Star Funds sold the 400-unit Surf at 39 multifamily complex at 16761 Viewpoint Ln. in Huntington Beach, CA to Interstate Equities Corporation for $134 million, or $335,000 per unit.

The 353,192-square-foot apartment community consists of two- and three-bedroom units across 28 buildings constructed in 1972 and located two miles from the 405 Freeway and 10 miles from John Wayne Airport. The property was 96 percent leased at the time of sale.

Sean Deasy and Ryan Fitzpatrick of HFF represented both parties in the sale.

Please see CoStar COMPS #4101853 for more information on this transaction.
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