Rialto, Calif. –– CBRE has facilitated the sale of the Jackson Apartments, a 41-unit multifamily property in Rialto for $6.8 million. The property was purchased by a private investor who owns several multifamily buildings in the area.
CBRE’s Cray A. Carlson represented both the buyer and seller in the transaction.
“The property generated significant interest from both local and national investors and was sold within a month to an all-cash buyer, which reflects the growing demand for multifamily housing in the San Bernardino region,” said Carlson. “The Inland Empire multifamily market remains one of the strongest in California, with most properties selling quickly due to high buyer demand and low inventory.”
Constructed in 1971, Jackson Apartments is conveniently located at 205-242 W. Jackson Street, on four separate parcels, near Interstates 215 and 210. The property features a range of one, two, and three-bedroom floor plans and is within walking distance of numerous eateries, specialty retail shops, and public transportation stations.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
