Tower 16 Capital Partners Sells MultiFamily Property In Moreno Valley For $25.05M With Broker Shane Shafer's Representation

A multifamily property located at 13325 Heacock Street in the Moreno Valley market has been sold for a total price of $25,050,000. The property consists of 120 units, with an average price per unit of $208,750. The total square footage of the property is 80,100, resulting in a price per square foot of $313.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $25,050,000
• Address: 13325 Heacock Street
• Market: Moreno Valley
• Units: 120
• Average Price Per Unit: $208,750
• Square Footage: 80,100
• Price Per Square Foot: $313

The sale of this multifamily property was facilitated by Tower 16 Capital Partners, represented by Mike Farley and Tyler Pruett. Acting as the broker in the transaction was Shane Shafer from NorthMarq. Their expertise and involvement played a crucial role in ensuring the successful completion of the deal.