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Finding More In S.B.

San Bernardino Multifamily Closes Escrow
By Michelle Modrich
July 30, 2002 | 8:46 P.M.

Escrow closed on the 36-unit apartment complex located at 145 East 44th St. in San Bernardino, CA. The Brookmore LP purchased the complex from Z Properties LLC for $1.425 million, or approximately $39,500 per unit at an 8.16% cap rate and a GRM of 6.57. The 23-year old wood frame and stucco complex consists of 20 one bedroom/one bath and 16 two bedroom/one bath units. The complex was 100% occupied at the time of sale. Alex Garcia with Marcus & Millichap represented both the buyer and the seller. By: Michelle Modrich & Jeff Jallo

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