Kelly Morgan Commercial Group completes another sale of over 90 units for $ 21 million during the Covid-19 pandemic
THE ANGEL, August 6, 2021 / PRNewswire / – Kelly Morgan Commercial Group (KMCG) and KW Commercial are pleased to announce the sale of a portfolio of 95 units in Winnetka, California. The lots in 19,916-1,926-1,950 on Roscoe Blvd consisted of three apartment buildings in the same block. The sale was completed for $ 21,090,000 is equivalent to $ 222,000 per unit.
The KMCG team also closed another large 96-unit transaction for in the middle of the pandemic $ 19,232,375 by doing Van Nuys Sub-market of the San Fernando Valley. “The pandemic has of course had an impact on the real estate market. Fortunately, our team did extra work to do the work for our customers, ”said Kelly Morgan, President of the KMCG.
Both large 90+ units were designed by a. bought San Diego based investor looking to the future after the pandemic. KMCG acted as a dual agent and both properties were sold over the counter. “With our vast customer base and experience, we’re the right team to take on these big businesses,” said Kelly.
The team again acted in a double agent role to close a 57 unit, $ 11 million lot Panoramic city this last month. This transaction was more complicated than most, but the experienced team at KMCG were able to handle the difficulties and close the deal smoothly.
About the Kelly Morgan Commercial Group
With over 20 years of focused exploration and experience in capital markets such as equity, debt and real estate combined with advertising and marketing, Kelly Morgan Commercial Group brings a unique and unparalleled approach to the market. We have deep understanding of the Southern California Real estate market by taking the time to explore, study, and analyze our sub-market landscape.
The best interests of our customers is our priority. Real estate marketing intelligence coupled with financial planning has enabled us to help our clients make informed decisions about their real estate investment options. Our trained agents work hard to get our sellers the highest price. Relationships and expertise are key to creating investment property wealth.
Kelly Morgan Commercial Group (KMCG)
SOURCE Kelly Morgan Commercial Group