San Diego, Calif. (May 15, 2017) – A 15-unit multifamily complex, located at 1325 Grove Avenue in Imperial Beach, California, has sold for $2,920,000. The fully-leased property was under contract in less than a week from marketing. Kidder Mathews’ multifamily brokers, Jim Neil, Eric Comer, and Merrick Matricardi, who recently joined Kidder Mathews from CBRE where the transaction originated, represented the seller, a private investor. The buyer was a private investor as well. Imperial Beach is 14 miles south of San Diego.
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Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with nearly 700 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $5.6 billion in transactions, manages over 45 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.