ANAHEIM, CALIF. — CBRE has arranged the $16.8 million sale of two properties totaling 53 units in Anaheim. Dan Blackwell and Amanda Fielder of CBRE facilitated a 1031 exchange on behalf of the buyer, an Orange County-based private investor. The properties included in the sale were Aria Apartments and Pearson Gardens.
Aria Apartments is a 33-unit community located on a 1.2-acre site at 2910 W. Ball Road. The asset comprises 24,796 square feet of rentable space across six two-story buildings. Units come in one- and two-bedroom layouts. Amenities include an on-site laundry facility, gated access and a common area patio. The property also includes 59 covered parking spaces.
Blackwell and Fielder also represented the seller, a Texas-based repeat client of CBRE, in the deal. Aria Apartments traded hands for $11 million.
Pearson Gardens is located at 314 E. Pearson Ave. Built in 1962, the property consists of a two-story, 15,600-square-foot building on 0.6 acres. The community offers a mix of one- and two-bedroom floor plans. Residents have access to amenities such as a central courtyard and barbeque area, as well as an on-site laundry facility. The gated-access property offers 27 parking spaces. Pearson Gardens traded hands for $5.8 million.