The Pinza Group Announces its 25th Commercial Building Sale of 2014

The Pinza Group, Walnut Creek, commercial real estate, Bay Area

SanJuan1Walnut Creek, CA, December 17, 2014-The Pinza Group, Inc, a leading Bay Area commercial real estate investment firm with its headquarters in Walnut Creek, today announced its 25th commercial building sale of 2014: a 7-unit apartment building located in Walnut Creek, CA. The asset sold for $2,720,000, which is $25,000 above the list price.

Steven Pinza, Esq, had the exclusive listing to market the property on behalf of the Sellers, a partnership. The Buyer, a private investor, was secured and represented by Steven Pinza, Esq. as well.

The subject property, 2360 & 2370 San Juan Ave in Walnut Creek, consists of two separate APN’s. 2360 San Juan consists of three 2bd/1bth units and eight storage lockers. 2370 San Juan consists of four units total, three 2bd/1bth units and one 1bd/1bth unit. All units are similarly upgraded throughout with double pane windows, stainless steel appliances, and upgraded kitchens. The property has ample tenant and guest parking, and there is reasonable street parking available for visitors. Each unit boasts a washer and dryer, central heating and a/c, private entrance, and large gas fireplaces.

SanJuan3This investment opportunity will continue to enjoy high occupancy levels as the unit mix and affordable rent represent a supply-constrained entry-level rental within one of the Bay Area’s most desirable cities.

According to Steven Pinza, Esq: “The real estate market in Walnut Creek is incredible right now. Rents have skyrocketed and because of that, this building received five offers at or above list price, and closed at one of the highest prices per unit in Walnut Creek in 2014.”

About The Pinza Group, Inc:
The Pinza Group is an investment real estate company built on a strong foundation of integrity, dedication, and experience which allows us to provide significant value to existing and future clients. Since The Pinza Group focuses exclusively on investment real estate, all of our efforts and resources are spent researching, brokering, and underwriting commercial properties in Northern California. The Pinza Group has devoted significant resources to build an effective list of owners, investors, and brokers in the area which has allowed us to create an innovative marketing platform allowing us to deliver incredible value to both owners and investors.

For more information, for a free estimate of value on your property, or for off market opportunities, please visit: www.PinzaGroup.com or email Info@pinzagroup.com

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