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Corona Pointe Trades for $96.4M

Advanced Real Estate Services, Inc. acquired the Corona Pointe multifamily community at 3957 Pierce St. in Riverside, CA from Friedkin Realty Management Group for $96.4 million, or about $135,000 per unit.

The 605,460-square-foot, low-density, garden-style apartment property was built in 1986 on 34.1 acres in the La Sierra submarket of Riverside County. The 714 units are a mix of one- and two-bedroom apartments spread across 54 buildings with…

via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Corona-Pointe-Trades-for-$964M/154579?ref=/News/Article/Corona-Pointe-Trades-for-$964M/154579&src=rss

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