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HUNTINGTON BEACH, CALIF. — Interstate Equities Corp. (IEC) has purchased the 400-unit Surf at 39 apartment complex in Huntington Beach for $134 million. The community is located at 16761 Viewpoint Lane.
Surf at 39 was built in 1972. It features two swimming pools with spas, a business center, fitness facility, clubhouse, dog park and barbecue area.
IEC notes that Surf at 39 will remain a workforce housing community. About 80 percent of the units are in their original condition, but are set to undergo a renovation.
HFF’s Sean Deasy and Ryan Fitzpatrick represented both the buyer and seller in this transaction. The firm also arranged the acquisition financing.