Marcus & Millichap brokered the sale of Vintage Grove Estates Apartments in Modesto, Calif.
The 122-unit community sold for $12.6 million.
A Northern California investment partnership sold the property to a San Francisco-based partnership.
Vintage Grove Estates is located at 4033 Elmo Loop. Constructed in 1980, the garden-style community includes 126,054 rentable square feet on 9.3 acres. The unit mix includes 107 two-bedroom and 22 three-bedroom apartments, ranging in size from 876 to 1,266 square feet.
At the time of sale, occupancy was 95 percent.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!