MARCUS & MILLICHAP SELLS 197-UNIT APARTMENT COMMUNITY FOR $26.5 MILLION

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SAN BERNARDINO, CALIF. — Griffin Partners has acquired Mountainside Village Apartments, a 197-unit multifamily community located in San Bernardino. Mark Chalfin of Revere Investments sold the property for $26.5 million or $161 per square foot. Located at 1660 Kendall Dr., the 164,770-square-foot property consists of 20 one- and two-story buildings situated on a 12.48-acre lot. The community offers a mix of two- and three-bedroom units, two swimming pools with poolside barbecue and picnic areas, a sand volleyball court, a basketball court, a children’s play area and two on-site laundry rooms. Alex Mogharebi of Marcus & Millichap represented both parties in the transaction.

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