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RIVERSIDE, CALIF. — Northmarq has arranged the sale of Westbrook Apartments, a multifamily property in Riverside. The asset traded for $18.6 million, or $332,000 per unit. The names of the seller and buyer were not released.
Built in 2023, Westbrook Apartments offers 56 one- and two-bedroom apartments with modern kitchens, stainless steel appliances, quartz countertops and in-unit washers and dryers. Community amenities include a swimming pool, spa, fully equipped fitness center and covered parking.
Shane Shafer and Peter Hauser of Northmarq’s Orange County Multifamily Investment Sales team represented the seller in the deal.