facebook
Traded Co logo
Submit
Daily limit: 0/10

The Mogharebi Group Facilitates $13.6M Sale Of Cedar Oaks Apartments In Bakersfield

Property Image
SOLD
$13,600,000

California

See Similar Deals
MultiFamily
Sold 10/24/2023
the dealplayerscompscontact
Property Image
SOLD

The Mogharebi Group Facilitates $13.6M Sale Of Cedar Oaks Apartments In Bakersfield

3300 Gosford Road

See Similar Deals
MultiFamily
Sold 10/24/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Cedar Oaks Apartments, a 98-unit multifamily property, located on 3300 Gosford Road in Bakersfield, CA, has been sold for $13,600,000. The transaction, arranged by The Mogharebi Group (TMG), marks one of the largest sales in Bakersfield this year. The community sits on 1.76 acres and offers spacious living for its residents.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,600,000
  • Address: 3300 Gosford Road, Bakersfield, CA
  • Market: Bakersfield
  • Asset Size: 1.76 acres

The sale of Cedar Oaks Apartments was brokered by Mark Bonas, the Senior Vice President of TMG. He facilitated the transaction, which involved local investors. The successful deal highlights Bonas's expertise in the Bakersfield market and his ability to connect buyers and sellers.

Players

Mark Bonas
The Mogharebi Group
Mark Bonas
6 deals$156.5M volume
BROKER

Details

SOLD
IMAGE: Mark Bonas DATE: 10/24/2023 ADDRESS: 3300 Gosford Road MARKET: Bakersfield ASSET TYPE: Multifamily ~ ACRES: 1.76 BROKER: Mark Bonas - The Mogharebi Group SALE PRICE: $13,600,000 UNITS: 98 ~ PPU: $138,776 NOTE: The Mogharebi Group (TMG) arranged a $13.6 million sale of Cedar Oaks Apartments, a 98-unit community in Bakersfield, CA. The transaction, among the largest in Bakersfield this year, involved local investors and was facilitated by TMG's Senior Vice President Mark Bonas.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$725,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,317.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,470.94
Annual Debt Service$773,651.26