WALNUT CREEK, Calif. (Jan. 3, 2024) — Northmarq’s Walnut Creek Multifamily Investment Sales team of Zach LeBeouf, senior vice president, and Anthony Pappageorge, managing director, has completed the $5 million sale of Jasmine Gardens Apartments. The 28-unit multifamily property was built in 1986 and is located at 1979 Grande Circle in Fairfield. Northmarq represented both the seller and buyer in the transaction.
“This was a good transaction for both sides. The sale is a downleg for the seller, in which they plan to execute a 1031 exchange into a larger value-add asset,” said LeBeouf. “The purchase was a 1031 exchange for the buyer who had been looking for some time to add units in Solano County and capitalize on economies of scale.”
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