LuxView Properties has sold The Venue at Orange, a new 328-unit multifamily property in Redlands, Calif., to Sentinel Real Estate Corp. for $148 million.
The sales price equates to $452,439 per unit.
The property is situated near major retail and employers, including Brookside Plaza, downtown Redlands, Loma Linda Hospital, Loma Linda University, Amazon, Costway, Clorox, and AutoZone. The property also benefits from connectivity to Interstate 10, State Route 210/Foothill Freeway, and three nearby Metrolink stations that give residents access to San Bernardino, Ontario, Riverside, and Orange County.
The Venue at Orange comprises seven three-story buildings with gated access and resort-style amenities, including a full-size swimming pool and spa, fitness center, co-working spaces, lounge, and outdoor barbecue area. Apartment interiors have nine-foot ceilings, stainless-steel appliances, quartz countertops, walk-in closets, and a private patio or balcony.
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