Fourth Avenue Capital Acquires 96-Unit Ridgewood Apartments In Medford From Investors Capital Group For $22.1M

The 96-unit Ridgewood Apartments, located at 3141 Alameda Street in Medford, OR, has been sold for $22.1 million. This multi-family asset spans 3.9 acres and consists of two- and three-bedroom units built between 2002 and 2004, with a per unit price of $230,208.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $22,100,000
• Address: 3141 Alameda Street
• Market: Medford, OR
• Acres: 3.9
• Units: 96
• PPU: $230,208
• Buyer: Fourth Avenue Capital
• Seller: Investors Capital Group
• Brokers: Josh McDonald & Joe Nydahl - CBRE

Fourth Avenue Capital acquired the property from Investors Capital Group, with the transaction facilitated by the brokers from CBRE, Josh McDonald and Joe Nydahl. This sale reflects a significant move in the Medford multi-family market.