SOLD
MG Properties Acquires Mixed-Use Artist Walk Apartments In Fremont For $89.75M
3888 Artist Walk Common
Mixed-use
Sold 232 days ago
Summary
Sale
CALIFORNIA
Mixed-use
The Artist Walk Apartments in Fremont have been acquired by MG Properties, a San Diego-based company, for $89.75 million. The mixed-use community consists of 185 units, along with 30,000 square feet of ground-floor retail space. The acquisition further strengthens MG Properties' presence in the Bay Area.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $89,750,000
- Address: 3888 Artist Walk Commons
- Market: Fremont
MG Properties' acquisition of the Artist Walk Apartments marks another step in their growing influence in the Bay Area. The company's successful bid of $89.75 million showcases their commitment to expanding their portfolio and meeting the demand for high-quality residential and retail spaces.
Players
All
9
Agents
6
Agencies
2
Lenders
1
Details
SOLD
IMAGE: Seth Siegel, Scott MacDonald, Andrew Behrens, Jason Parr, Jeff Gleiberman, David Gilbert, Stephen Baird & Jesse Weber
DATE: 09/13/2023
ADDRESS: 3888 Artist Walk Commons
MARKET: Fremont
ASSET TYPE: Mixed-use
BUYER: MG Properties (@mg_properties_) - Jeff Gleiberman (@jeffgleiberman)
SELLER: Clarion Partners - David Gilbert
BROKERS: Jason Parr, Seth Siegel & Scott MacDonald - Cushman & Wakefield (@cushwake)
LENDER: Freddie Mac (@freddiemaccorp)
MORTGAGE BROKERS: Andrew Behrens, Jesse Weber & Stephen Baird - CBRE (@cbre)
SALE PRICE: $89,750,000
UNITS: 185 ~ PPU: $485,135
NOTE: MG Properties, based in San Diego, has acquired the Artist Walk Apartments in Fremont for $89.75 million from Clarion Partners. The 185-unit mixed-use community includes 30,000 square feet of ground-floor retail, further strengthening MG Properties' presence in the Bay Area.View on map
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Address3888 Artist Walk Common
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