Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Fresno Multifamily Property Trades for $124k/Unit


Northbrook Apartments, a 92-unit, garden-style multifamily community in Fresno, sold for $11.4 mil, or about $124k/unit. The single-story complex is located at 584 E. Bullard Ave.

Northbrook Apartments offers a mix of one- and two-bedroom floor plans ranging from 700 sf to 900 sf. The property was built in 1972 on just over six acres and features two swimming pools, and private enclosed patios. Northbrook’s superior location in northeast Fresno is within 10 minutes of area demand drivers such as Fresno State, River Park Shopping Center, and Fresno Yosemite International Airport.

Robin Kane, Brendan Kane, and Gordon Larkin of The Mogharebi Group represented the Monterey-based owner/developer in the transaction. Offered on the market for the first time in more than 24 years, the asset was acquired by a Central Valley family office.

“Northbrook drew significant investor interest due to its quality construction, prime location, and upside potential,” said Robin Kane. “With their experience in the Fresno market, the buyer recognized the opportunity available to maximize revenue by improving the loss to lease and aligning rents with market.”

Return to the Archive 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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media