The Mogharebi Group (TMG) has sold Trails at 2112 Apartments, a 97-unit multifamily community in Modesto, CA, for $25.2 million. The property underwent renovations and was purchased by a private family office leveraging an attractive fixed-rate loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,200,000
• Units: 97
• Price Per Unit: $259,794
• Date: 06/14/2023
• Address: 2112 Floyd Avenue, Modesto, CA
• Seller: Valiance Capital
• Brokers: Otto Ozen & Brian Nakamura - The Mogharebi Group

The sale of Trails at 2112 Apartments was facilitated by Otto Ozen and Brian Nakamura from The Mogharebi Group. Their expertise and negotiation skills played a crucial role in closing the deal successfully. The involvement of a private family office as the buyer highlights the attractiveness of the property, especially with the support of a favorable fixed-rate loan.