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City: Downey
Square
The buyer couldn't be learned immediately. The brokerage also arranged a $25.55 million Freddie Mac loan to facilitate the deal. The seven-year loan requires only interest payments for the first four years, after which it amortizes. It pays a 5.05% ...
Bascom Sells Los Angeles-Area Apartments for $37.6Mln
Bascom Group has sold the Square, a 112-unit apartment property in the Los Angeles suburb of Downey, Calif., for $37.6 million, or $335,714/unit. The Irvine, Calif., investment manager sold the property, at 12535 Brookshire Ave., through Northmarq. The buyer couldn't ...
Square Apartments/12517 Brookshire Ave.
Bascom has financed its purchase with $18.8 million of financing provided by California Bank & Trust, which was arranged by CBRE Capital Markets.
Brookshire Ave. apartments
The 14-building development, aka Brookshire Square, was built in 1965
Brookshire Square Apartments
at 12517 Brookshire Ave.; built in 1965 and refurbished in 2001-2002. 95% occupied, rents range $650-$1,450
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