Otto Ozen's The Mogharebi Group Brokers $30.7M Sale Of 128-Unit Visalia Multifamily

Located at 3315 Lovers Lane in Visalia, this multifamily property spans an impressive 6.76 acres. The transaction, completed on April 18, 2022, involved a total of 128 units with a sale price of $30,650,000. The property boasts a total square footage of 119,608, translating to a price per square foot of $256. The seller's representative for this transaction was Otto Ozen from The Mogharebi Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $30,650,000
• Number of Units: 128
• Price per Unit: $239,453
• Total Square Footage: 119,608
• Price per Square Foot: $256
• Address: 3315 Lovers Lane, Visalia
• Market: Visalia
• Seller's Representative: Otto Ozen - The Mogharebi Group

This successful transaction was facilitated by Otto Ozen from The Mogharebi Group, who represented the seller in this deal. With its prime location in Visalia and a substantial acreage of 6.76, this multifamily property became a valuable asset for the involved parties.