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Hardt Investments Sells Bakersfield Multifamily For $31M With Mark Bonas - The Mogharebi Group

Property Image
SOLD
$31,000,000

California

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MultiFamily
Sold 08/04/2022
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Property Image
SOLD

Hardt Investments Sells Bakersfield Multifamily For $31M With Mark Bonas - The Mogharebi Group

812 Workman Street, Bakersfield, California 93307, United States

See Similar Deals
MultiFamily
Sold 08/04/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 812 Workman St. in Bakersfield has been sold for $31,000,000. The transaction, which took place on 08/04/2022, involved the sale of a property consisting of 168 units. The price per unit (PPU) for the multifamily asset was $184,523. The seller of the property was Hardt Investments, and the transaction was facilitated by Mark Bonas of The Mogharebi Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $31,000,000
  • Units: 168
  • Price per Unit (PPU): $184,523
  • Seller: Hardt Investments
  • Broker: Mark Bonas - The Mogharebi Group

Mark Bonas of The Mogharebi Group represented the seller, Hardt Investments, in the transaction. The sale of the multifamily property at 812 Workman St. in Bakersfield signifies a significant deal in the market.

Players

Mark Bonas
The Mogharebi Group
Mark Bonas
6 deals$156.5M volume
BROKER

Details

SOLD
IMAGE: Mark Bonas DATE: 08/04/2022 ADDRESS: 812 Workman St. MARKET: Bakersfield ASSET TYPE: Multifamily SELLER: Hardt Investments BROKER: Mark Bonas - The Mogharebi Group SALE PRICE: $31,000,000 UNITS: 168 ~ PPU: $184,523

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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