Commercial Real Estate
CBRE Arranges Sale of 41-Unit Jackson Apartments in Rialto, California
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.