Marcus & Millichap brokers sale of 29-unit Anaheim multifamily property for $8.5 million
MMI•Marcus & Millichap brokered the $8.5 million all-cash sale of the 29-unit Empire Apartments in Anaheim, priced at $293,103 per unit.
1. Sale details
The transaction closed with no contingencies at signing and a 26-day escrow. It was the first closing in an Anaheim-area multifamily portfolio repositioning tied to a 1031 exchange into Orange County apartments. The buyer, a large property management company, plans unit upgrades and property improvements to drive rents.
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