Private Investment Group Acquires MultiFamily In Bakersfield For $22.5M

The apartment community known as Mira Sol Gardens, located in Bakersfield, has been sold by LandStone Cos to a private investment group based in Newport Beach for $22.5 million. The property consists of 114 units with modernized interiors, attached two-car garages, and water-saving landscaping. Situated on 11.4 acres in the Far Southwest submarket, the apartments offer a mix of two- and three-bedroom floorplans on Gasol Court, Jerno Drive, and Callado Lane.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $22,500,000.00
• Address: 6600 Gasol Court, Bakersfield, CA, 93...
• Market: Bakersfield
• Seller's Representative: Mark Bonas (The Mogharebi Group), Michael Jordan (Kidder Mathews)
• Buyer: Private Investment Group

Mark Bonas from The Mogharebi Group and Michael Jordan from Kidder Mathews played crucial roles in representing LandStone Cos, the seller, during the transaction of Mira Sol Gardens. The involvement of these professionals highlights the expertise and negotiation skills brought to the deal by the respective brokerage firms.