A private investor has sold a three-property multifamily and mobile home portfolio in a 1031 exchange for Madison Avenue Plaza, a 70,749-square-foot office property in Temecula.
The three-property portfolio included 66 apartment units and 171 mobile-home spaces, located in Southern California.
Avison Young principal Peter Hauser and associates Matt Hauser and Masa Ito represented the seller of the portfolio. VP Matt Shaw, principal Corey Martin and managing director of the company's Austin, TX, office, principal Stan Nowak, represented the seller of Madison Plaza, an affiliate of Providence Capital Group Inc., as well as the buyer in the upleg of the 1031 exchange.
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