GRUBB & ELLIS|BRE BROKERS $5.5 MILLION SALE OF GARRISON WEST APARTMENTS

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OCEANSIDE, CALIF. — Glenn L Goldman Trust has acquired Garrison West Apartments, a 46-unit apartment complex located at 455 Garrison St. in Oceanside, for $5.5 million. Situated on a 2.19-acre site, the property features 30 two-bedroom townhouse units and 16 one-bedroom units. Ray Adams of Grubb & Ellis|BRE Commercial represented the buyer; Todd Clarke of American Apartment Advisors Inc. and Ed Engle of Asset Management Services represented the seller, James and Karen Watkins. The buyer purchased the property as a replacement property in a reverse exchange.

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