People With Money: Buying Cheap Property.


Written by David Munz (dmunz@costar.com)

December 16, 2009

Inland Sells 99 Condos in Van Nuys
Sonterra Units Sell for $6.2 Million

Inland Real Estate Corp. sold 99 condominium units at 15425 Sherman
Way, within a project known as Sonterra to Gidi Cohen for $6.15 million, or
$62,121 per unit. This was an REO sale.

The project consists of a total of 161 condominium units. Amenities include
a pool, spa, fitness center, BBQs, and fountains. The sale included a unit
mix of 31 studios, 61 one-bedroom/one-bathrooms units, six two-
bedrooms/one-bathroom units and one two-bedrooms/two-bathrooms unit.

Ronald Harris of Marcus & Millichap represented the seller and the buyer.
Please refer to CoStar COMPS #1822785 for more information.

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