23-Unit Apartment Building in Belmont Sells for $9.43MM

Belmont, Colliers, Redwood City, Bay Area

Belmont, Colliers, Redwood City, Bay Area

Redwood City, California – September 6, 2016 – Colliers International today announced the sale of a 23-unit apartment building located in Belmont, CA, according to Rick Knauf, the Executive Managing Director of the Redwood City office. The property sold for $9,430.000.

Don Sung, Vice President at Colliers handled the transaction. “It is great to see our multi-family platform continue to grow and achieve outstanding results for our clients,” Knauf says.

The apartment building is located at 2200 Village Court in Belmont, CA. The property features an attractive unit mix with fourteen one-bedroom/one bath units and nine two bedroom/one bath units, ten of which feature wood-burning fire stoves.

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

West Coast Commercial Real Estate News