GATEWAY VILLA l RIDGECREST, CA l 24 UNITS
HIGHLIGHTS
Sold for $5,350,000 ($92,241/Unit)
Generated Multiple Offers
Was on the Market 34 Days
Rents Well Below Market
Represented Seller and Buyer
Out of State Buyer
Seller is Exchanging into Single Tenant Building
3.92% Cap Rate on Current Operations
Buyer Removed All Contingencies at Execution of the Purchase Agreement and Passed Through Deposit
Jon Mimms of the “Mimms Group” Represented Seller in this Transaction.