NORTHWOOD PLACE l MODESTO, CA l 53 UNITS
Northwood Place (53 units) in Modesto for $7,261,000
HIGHLIGHTS
Represented the Seller and Buyer.
Generated Multiple Offers.
Sold at Full Asking Price.
$137,000/Unit.
4.73% Cap Rate.
Seller Exchanged into a LA Fitness (Single Tenant).
Great Potential to Increase Cashflow by Interior Renovations and Increasing Rents.
Jon Mimms of the “Mimms Group” Represented Seller and Buyer in this Transaction.