Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 14, 2021
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Fresno Multifamily Community Traded for $29 Mil Between SoCal Investors

3/11/21

In a recent Fresno multifamily trade, a SoCal-based investor paid $29.25 mil for Park West Apartment Homes, a 256-unit ($114k/unit) residential rental community. Built in 1973, Park West Apartment Homes is located on a 23-acree site at 2407 West Alamos Ave, east of Hwy 99 and south of Shaw Ave.

The community has great exposure and is within a 30- to 60-minute commute to over 812,000 jobs. Park West features an attractive array of community amenities, including two sparkling swimming pools and spas, tennis courts, basketball courts, garages, covered parking, leasing center, clubhouse with kitchen facilities, laundry facilities, and a commercial building that is leased to a day care center. Park west is located within a short walk of Shaw Retail Corridor that is home to Costco, Target, Food Maxx, Walmart Super Center, numerous restaurants, and more.

Alex Mogharebi, Otto Ozen, Robin Kane, and Brendan Kane of The Mogharebi Group represented the seller, a longtime owner based in Southern California. The property generated multiple offers. Due to the size of the property, attractive unit mix and long-term ownership, Park West Apartment Homes presented a true, value-add opportunity that garnered a great deal of interest, according to Ozen.




Return to the previous page


 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media