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Follow on Google News | The Mogharebi Group Achieves More Than $300,000 Per Door on Fresno, CA Apartment SaleThe Mogharebi Group sees continuing transaction activity in California's Central Valley
By: The Mogharebi Group Located on 4.77 acres at 1850 E. Birch Avenue, Birch Commons is a townhome-style apartment community with a unit mix of one-, two-, and three-bedroom floor plans. The spacious apartment homes range from 939 to 1,701 square feet and feature granite countertops, in-unit laundry or hookups, vaulted ceilings, fireplaces, and private yards. Common area amenities include a swimming pool, clubhouse, fitness center, and designated one- to two-car garages.Birch Commons is situated roughly two miles east of the SR 41 highway and within a five-minute drive of CSU Fresno. The sale marked the first time the asset traded hands, as the original developer owned the property since it was built in 2006. Robin Kane, Brendan Kane, and Gordon Larkin of TMG's Fresno office represented the seller, a Central Valley builder, in the transaction. The buyer was a family office represented by Dustin Ilic and Nick Sheehan of the Visintainer Group. "Because Birch Commons is an institutional- Fresno, California's fifth most populous city, has experienced significant growth despite a period of general population decline in the state. Especially since the start of the pandemic, this positive net in-migration has been driven by Fresno's relative affordability compared to more expensive coastal markets. Empowered by the resulting tight supply and low vacancy, the city's apartment investment sector has risen in prominence. LoopNet ranked Fresno No. 1 nationally for multifamily investment opportunities under $20 million based on liquidity, rent growth, and demand. About The Mogharebi Group The Mogharebi Group (http://www.Mogharebi.com) is a real estate investment and advisory firm specializing in the multifamily property sector throughout the Western United States. Backed by unparalleled local market knowledge, an extensive global network of top real estate investors, state-of-the- End
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