IE Business Daily Business news for the Inland Empire.
One of the largest apartment properties in Joshua Tree has been sold.
Quail Springs Village, a 75-unit complex at 62220 Verena Road, sold for $6.5 million, CBRE announced in a statement released Monday.
The buyer was Pro Residential, a multifamily investment and property management firm in Los Angeles. The seller was a private investor named Susan Highland about whom no more information was provided.
Each unit has two bedrooms and two bathrooms. Both parties were represented by CBRE.
Quail Springs Village is the largest multifamily property ever sold in the Morongo Basin, according to the statement.
