Northmarq brokers $1.19M sale of 6-unit garden-style multifamily community in Fresno
Image credit: Northmarq
FRESNO, Calif. — Northmarq’s Fresno Investment Sales team, led by Robin Kane and Brendan Kane, brokered the $1.19 million sale of Hedges Apartments, a six-unit multifamily property located at 5180 E. Hedges Ave. in Fresno, California.
Northmarq represented the seller, MegaNova LP, in the transaction. The buyer is Armando Sergio Garcia.
"Northmarq was instrumental in facilitating a reverse exchange that allowed the seller to move into a significantly larger asset,” Robin Kane said.
Hedges Apartments offers a mix of one- and two-bedroom residences in Fresno, providing convenient access to several of the city’s major educational institutions. Fresno Pacific University is 3.3 miles from the property, while Fresno City College and Fresno State are within 7.7 miles.
The property’s east Fresno location also provides residents with access to surrounding employment, education and everyday destinations by car, complemented by a moderately bikeable setting. The community is served by the Fresno Unified School District and is near multiple public schools.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
