Cameron Crossing, a 96-unit apartment community in the Central Valley city of Visalia has traded hands for $16.32 million or $170,000 per unit, a record-breaking price for the market. The property attracted multiple offers and sold to a local private investor.
The property sits on nearly 5 acres, and features one-, two- and three-bedroom apartment units. The property features swimming pool, laundry facilities, clubhouse, spa, and reserved parking.
Principals Alex Mogharebi, Otto Ozen, Robin Kane, Mark Bonas and Brendan Kane of The Mogharebi Group represented the seller, a Washington State based private investment group.
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