McQuaid Commercial Real Estate passed along a message about a recent sale of a building in Fremont:
The Canberra Apartments (N. 41st Street & Fremont Ave.) was sold last week by the heirs of the woman who owned it for over 40 years to two brothers/investors who own another building nearby. McQuaid Commercial Real Estate represented the sellers of this 9 unit brick building on the corner of 41st and Fremont. McQuaid reported that it traded hands in the mid 5 CAP rate range and that the buyers are long term apartment investors. This may be the first apartment building sold in Fremont this year.