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Alhambra Multifamily Changes Hands After 40-Year Hold - Connect CRE

Summary by Connect CRE
Institutional Property Advisors (IPA), a division of Marcus & Millichap, finalized the sale of Woodside Terrace, an 85-unit apartment property in Alhambra. The asset traded for $26.25 million, or $312,500 per unit. Woodside Terrace represents the second largest asset sold in Alhambra in the last 25 years, in terms of number of units as well as sale price, according to IPA. The property was well-maintained by ownership during a four-decade hold p…
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