Starock Group Acquires Multifamily Property From Will Morris In Bakersfield For $18.6M

The property asset involved in this transaction is a multifamily unit located at 1405 White Lane in Bakersfield. The sale price was $18,600,000, encompassing a total of 225 units within a building that measures 134,976 square feet. The price per unit amounted to $82,666, while the price per square foot was $137.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $18,600,000
• Units: 225
• Square Footage: 134,976
• Price Per Unit: $82,666
• Price Per Square Foot: $137
• Buyer: Starock Group
• Seller: Will Morris
• Brokers: Esteban Contreras - Vanguard Realty Investments; David Cohen - The Cohen Company
• Market: Bakersfield
• NOTE: Sold off-market

Esteban Contreras represented Vanguard Realty Investments, while David Cohen represented The Cohen Company in this transaction. Their involvement was pivotal in facilitating the sale between Starock Group and Will Morris.