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9/28/26
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Keech Properties purchased an 87-unit multifamily property in the southern Silicon Valley city of Morgan Hill for $45 mil, or $517/unit. The property is located at 90 E. 3rd St, west of Hwy 101, providing convenient access to a variety of dining, retail and entertainment destinations.
Built in 2020, Sunsweet Apartments is situated on a 1.88-acre site and encompasses 81.3k sf. The community features a mix of studio, one- and two-bedroom apartment homes with stainless steel appliances, modern finishes, in-unit laundry and walk-in closets.
The community offers a range of amenities including a resort-style swimming pool, fitness center, clubhouse, EV charging stations and multiple outdoor gathering spaces. The property also has roughly 8k sf of ground-floor retail space.
The property's modern construction, downtown location and amenity-rich offering positioned it as a highly attractive acquisition opportunity for investors seeking quality multifamily assets in the Bay Area.
Northmarq’s Walnut Creek Investment Sales team led by Anthony Pappageorge and Zach LeBeouf represented the seller, Sunsweet Morgan Hill Development LLC, in the transaction.
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