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475 West Sierra Avenue

Maroa Park Multifamily Property Sold For $44 Million With Broker Team Brian Nakamura Otto Ozen Nazli Santana
SOLDMultiFamily

Maroa Park Multifamily Property Sold For $44 Million With Broker Team Brian Nakamura Otto Ozen Nazli Santana

475 West Sierra Avenue

$44,000,000

$203/SF

Building Size

216,088 SF

Asset Type

MultiFamily

Closing

Jul 15, 2026

AI

A multifamily asset located at 475 West Sierra Avenue in Maroa Park, Fresno, has been sold for $44,000,000. The property features 248 units across a total square footage of 216,088, resulting in a price per unit of $177,419 and a price per square foot of $203.

Summary of transaction details:

The sales transaction involved brokers Brian Nakamura, Otto Ozen, and Nazli Santana from The Mogharebi Group, who facilitated the deal for the multifamily property located in Fresno, CA.

Players

Otto Ozen

The Mogharebi Group

Broker

$623.7M

vol

23 deals

Broker

Fresno MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93