Northmarq arranges $3.25M sale of The Lincoln multifamily community in Clovis, CA
CLOVIS, Calif. (Nov. 22, 2024) — Northmarq’s Fresno Multifamily Investment Sales team of Brendan Kane and Robin Kane successfully arranged the $3.25 million sale of The Lincoln multifamily community in Clovis, California.
Northmarq represented the seller, a local investor. The buyer was South Bay-based David Hussain Trust.
“Lincoln commanded a ton of interest with multiple all-cash offers” said Robin Kane, Northmarq managing director. “This was further evidence that the market has turned more positive.
The Lincoln, built in 1987 and located at 581 W Lincoln Ave. in Clovis, offers 21 one- and two-bedroom units with floor plans ranging from 600 to 800 sq. ft. The community is conveniently located in the East Fresno neighborhood just 10 miles from downtown Fresno. Nearby Shaw Avenue is home to many shopping centers and eateries like Sierra Vista Mall, Windmill Marketplace, and more. The Tuscan Plaza Shopping Center and Windmill Marketplace are located in the northern part of the neighborhood near a large medical complex. Other attractions of East Fresno include the Clovis Botanical Garden and Clovis Old Town Trail.
Apartment amenities include: Heating, tub/shower, kitchen, oven, range and refrigerator.
Community amenities include: 24-hour access, a laundry service and a courtyard.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
