December 6, 2017
Infinitus Investments Groups, LLC acquired a 62-unit, multifamily complex in San Bernardino, CA for $4.8 million from Pumalo Properties, L.P.
Located at 1420 East Pumalo St., the complex offers a mix of one and two-bedroom apartments, ranging from 850 to 920 square feet. The site features a community pool and spa, a laundry room, fully gated access and ample parking.
CBRE’s Cray Carlson and Nick Mercurio represented the buyer. Calvo Group’s Paul Calvo represented the seller.
Carlson says, “This transaction was an off-market property we found for our client in a very tight market with little inventory. Because the loan had to be assumed from the seller, the transaction was a bit complicated. However, with our experience, we were able to close the transaction within a quick timeframe at a great price for our client.”
For comments, questions or concerns, please contact Dennis Kaiser