Valiance Capital Sells Trails At 2112 Apartments In Modesto For $25.2M
2112 Floyd Avenue
MultiFamily
Sold 329 days ago
Summary
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.
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2112 Floyd Avenue
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