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6/26/20
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Palm Apartments, a 29-unit community in Visalia, sold for $2.875 mil, or $99k/unit. The buyer was an unnamed public institution in the Central Valley.
Built on a .82-acre site in 1962, Palm Apartments is located at 1124 South Shady St. The property is walking distance to numerous retail shopping, restaurants, College of the Sequoias, and Visalia Mall.
Robin Kane and Brendan Kane of The Mogharebi Group represented the seller, a SoCal-based investor.
"The property is in a highly desirable location next to the College of the Sequoias and has a strong unit mix with good visibility. This Central Valley community presents tremendous value, and perfectly fits the buyer’s investment criteria" said Robin Kane.
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