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Central Valley-Based Private Group Acquires The Victor In Fresno For $30M

Property Image
SOLD
$30,000,000

California

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MultiFamily
Sold 03/04/2024
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Property Image
SOLD

Central Valley-Based Private Group Acquires The Victor In Fresno For $30M

1577 Bulldog Lane

See Similar Deals
MultiFamily
Sold 03/04/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The Victor, a 232-unit multifamily community known as The Victor, in Fresno was recently sold by The Mogharebi Group for nearly $30 million, marking the largest transaction in the city in almost two years. The property spans 8.72 acres and is located at 1577 East Bulldog Lane in Fresno.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,000,000
  • Units: 232
  • Price Per Unit: $129,310
  • Address: 1577 East Bulldog Lane
  • Market: Fresno
  • Asset Type: Multifamily

The buyer of The Victor, a 232-unit multifamily community in Fresno, was a Central Valley-based private investment group. They assumed the property's favorable loan terms. The transaction was facilitated by Brendan Kane & Robin Kane from The Mogharebi Group, showcasing their strong presence in the Central Valley multifamily market.

Players

Robin Kane
5 deals$120.3M volume(559) 552-0040
BROKER

Brendan Kane
NorthMarq
5 deals$120.3M volume(559) 552-0041
BROKER

Details

SOLD
IMAGE: Brendan Kane & Robin Kane DATE: 03/04/2024 ADDRESS: 1577 East Bulldog Lane MARKET: Fresno ASSET TYPE: Multifamily ~ ACRES: 8.72 BROKERS: Brendan Kane & Robin Kane - The Mogharebi Group SALE PRICE: $30,000,000 UNITS: 232 ~ PPU: $129,310 NOTE: The Mogharebi Group sold The Victor, a 232-unit multifamily community in Fresno, for nearly $30 million, representing the largest transaction in the city in almost two years. The buyer, a Central Valley-based private investment group, assumed the property's favorable loan terms, showcasing TMG's strong presence in the Central Valley multifamily market.

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