Northern California Seller Divests Willow Grove Apartments In Modesto For $34.6 Million

The transaction involves the sale of Willow Grove Apartments, a multifamily community comprising 158 units located at 3400 Coffee Road in Modesto, California. The sale price for the property was $34,600,000, equating to a price per unit of $218,987.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,600,000
• Units: 158
• Price Per Unit: $218,987
• Address: 3400 Coffee Road
• Market: Modesto

Otto Ozen, Nazli Santana, and Brian Nakamura of The Mogharebi Group represented the Northern California-based seller in this transaction. The seller opted to sell the property to diversify its portfolio outside the state.