Lee & Associates Transacts $7.8 Million Multifamily Sale

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By The Hoyt Organization -

Torrance, CA – February 8, 2012 – (RealEstateRama) — Jeff McGuire, a principal with Lee & Associates-LA North/Ventura, Inc., represented the buyer and seller in the sale of Wood Creek Apartments for $7.8 million. The 71-unit property, at 20311 Sherman Way in Winnetka, Calif., sold at $161 per square foot, and a GRM (gross rent multiplier) of 9.26.

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