David Tarquin And Aaron Case Acquire Multifamily Asset From Benedict Family Trust For $5.3M

The transaction involved a multifamily asset located at 221 South Nevada Street in Oceanside, CA. The sale price of the property was $5,300,000, which included 15 units, averaging a price per unit of $353,333. The total square footage of the asset is 13,660, leading to a price per square foot of $387.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,300,000
• Units: 15
• Price per Unit: $353,333
• Square Footage: 13,660
• Price per Square Foot: $387
• Buyer: David Tarquin & Aaron Case - ORKA Holdings
• Seller: Benedict Family Trust - Jennifer Benedict
• Brokers: Clark Rorbach & Ray Adams - Kidder Mathews

David Tarquin and Aaron Case, representing ORKA Holdings, successfully acquired the apartment community, which comprises two 2x1 flats, twelve 2x1.5 townhomes, and one 3x2 flat, from the seller, Jennifer Benedict of the Benedict Family Trust. The fulfillment of this deal showcases the involvement of brokers Clark Rorbach and Ray Adams from Kidder Mathews in facilitating the transaction.