REDLANDS, CA, Jan. 27, 2011 -- Colliers International, the second largest real estate services organization globally, has completed the sale of a 89,248-square-foot multi-family property (top left photo) located at 301 E. Cypress Ave, Redlands, CA to Sequoia Equities, a Walnut Creek-based real estate investment firm. 
Kitty Wallace (top right photo), executive vice president, based in Colliers International’s West Los Angeles office, represented the buyer and the seller, MJW Receivers.
“We ran an aggressive marketing campaign for the seller and received 21 offers in just eight days, 19 of which were above asking price,” said Wallace.
“With so many offers on Cypress Villas, it is clear that there is investor demand for the Inland Empire. Positive third quarter statistics indicate that the Inland Empire may have found its way out of the recession.” Built in 2004, Cypress Villas is an 82 unit garden style property situated on 4.68 acres in the Inland Empire.
This gated community features a mix of one, two, and three bedroom apartments that were 100% occupied at the point of sale. The property also features a large leasing office, community room, fitness center, and a resort style swimming pool and spa.
Contact:
Angela S. Hwang, Regional Marketing Coordinator
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
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