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April 14, 2021
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NORTHERN CALIFORNIA NEWS
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NoCal Investors Trade Modesto Multifamily Community in $17.5 Mil Deal

3/26/21

Trails at 212 Apartments, a 97-unit community in Modesto, sold for $17.55 mil, or $181k per unit. Built on a 5.32-acre site in 1985, Trails at 2112 Apartments is located at 2112 Floyd Ave, with significant exposure on fronting roads.

Built on a 5.32-acre site in 1985, Trails at 2112 Apartments is located at 2112 Floyd Avenue in Modesto. It has significant exposure on fronting roads, with over 13,000 cars per day.

The property comprises 12 residential buildings totaling 85k sf and one common area building. The apartment homes feature spacious one- and two-bedroom floor plans with an average size of 876 sf. The units feature gourmet kitchens patio / balcony with private entrances and ceiling fans.

Trails includes a large sparkling pool and spa, lush landscaped walkways, a fitness center, reserved covered parking, and in-unit washer / dryers. It is within walking distance to Sutter Health Memorial Medical Center and numerous retail amenities including groceries, restaurants, pharmacies, and schools.

Alex Mogharebi and Otto Ozen of The Mogharebi Group represented the seller, a NoCal-based investor. The buyer was a private investor, also based in Northern California.




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