Max Keech Of Keech Properties Acquires Sunsweet Apartments From Sunsweet Morgan Hill Development For $45M

The property asset involved in this transaction is a mixed-use development located at 90 East 3rd Street, Morgan Hill, CA. The asset covers an area of 1.88 acres and consists of 87 units, offering a price per unit of $517,241. The total building size is 81,324 square feet, which translates to a price per square foot of $553. The sale occurred for $45,000,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $45,000,000
• Buyer: Max Keech - Keech Properties
• Seller: Sunsweet Morgan Hill Development LLC
• Brokers: Anthony Pappageorge & Zach LeBeouf - NorthMarq
• Units: 87
• SF: 81,324
• PPU: $517,241
• PPSF: $553
• Year Built: 2020
• Retail Space: Approximately 8,000 square feet

This transaction involved NorthMarq, which facilitated the arrangement of the sale from Sunsweet Morgan Hill Development LLC to Keech Properties, highlighting the role of the brokers in this deal. The transaction showcases a significant investment in the multifamily sector of Morgan Hill, CA.