Redwood City, California – Colliers International today announced the sale of The Douglas Street apartments, an 18-unit apartment building located in Burlingame,CA, according to Rick Knauf, the Executive Managing Director of the Redwood City office. The property sold for $6,600,000.
Don Sung, Associate Vice President at Colliers, handled the transaction and Todd Severson from Colliers was also involved in this transaction. “I am excited that our multi-family platform is achieving great results for our clients on the Peninsula,” Knauf says.
The Douglas Street Apartments is located at 1111 Douglas Ave, in Burlingame, CA. The property features an attractive unit mix with two two-bedroom /one bath units, fourteen one bedroom/one bath units and two studio/1 bathroom units.
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Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
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