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Record Breaking Apartment Sale in Turlock by The Mogharebi Group
February 3, 2021 GMT
The Mogharebi Group, (“
TMG ”) has completed the sale of
Arbor Manor Senior Cottage Homes, a 49-unit senior community located at 140 West Minnesota Avenue in Turlock, California. The property sold with multiple offers for a record-setting sales price of
$7.2 million or $147,000 per unit.
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(Photo: Business Wire)
“Due to strong in-place cash flow and desirable central location, Arbor Manor provided stable occupancy and collections with proven value-add upside,” says
President of
The Mogharebi Group. “As a result, there was a high level of interested buyers for this asset. Through our proprietary