GARDEN EAST l MODESTO, CA l 92 UNITS
HIGHLIGHTS
All Transaction Details Were Negotiated and Brought to a Close During COVID-19 Pandemic
Sold at Full Asking Price ($12,800,000) $139,130/unit
Was on the Market 28 Days
Generated Multiple Offers
Represented Seller and Buyer
Buyer Waived all Contingencies at Signing of Purchase Agreement (Released $40,000) Except for Finance Contingency.
Marketing was Handled Through Virtual Tour
Fannie Mae Loan
5.22% Cap Rate on Current Numbers
Jon Mimms of the “Mimms Group” Represented Seller and Buyer in this Transaction.