Mark Bonas Of The Mogharebi Group Facilitates $16.5M Sale Of Vantage Point Apartments In Bakersfield

The Vantage Point Apartments, a 144-unit multifamily community located at 6001 Auburn Street in Bakersfield, CA, were sold for $16.5 million. The transaction was facilitated by Mark Bonas from The Mogharebi Group, representing a Central Valley-based investor.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 144
• Price per Unit: $114,583
• Market: Bakersfield
• Asset Type: Multifamily
• Acres: 6.31

Mark Bonas, a broker from The Mogharebi Group, played a key role in the off-market transaction of the Vantage Point Apartments. This deal marks TMG's involvement in the two largest multifamily deals in Bakersfield since early 2023.