Triqor Group is pleased to announce the recent sale of Pacific Pointe Apartments. Sold to a private investor at $14.1 million, this Anaheim property is a desirable 53-unit property located at 1203-1235 S. Sharon Circle. Multifamily Investment Advisor Scott Parker successfully represented both buyer and seller in the transaction. Scott was able to negotiate a long escrow to accommodate 1031 exchanges on behalf of both the Buyer and Seller.
Resting on an expansive four-acre lot located in the city of Anaheim, Pacific Pointe Apartments is constructed on its own cul-de-sac, offering an extremely attractive unit mix consisting mostly of spacious two-bedroom two-bathroom townhome style units. Additionally, this property was a value-add purchase with over 20% upside in current rents. Pacific Pointe offers community amenities such as a sparkling pool and spa, four laundry facilities, copper plumbing, and garage/carport parking for its tenants.