Northmarq completes $19M+ sale of Tempranillo Apartments in Fresno, California

FRESNO, Calif. — Northmarq’s Fresno-based Multifamily Investment Sales team, led by Robin Kane and Brendan Kane, successfully brokered the sale of a 64-unit multifamily community for over $19 million. Built in 2019, Tempranillo Apartments is located at 2445 E. Copper Avenue in the highly sought-after Woodward Park neighborhood.

Northmarq represented the seller, an East Coast-based investment group. The buyer was a California family office.

“Tempranillo presented several challenges ranging from COVID eviction protection hangover effects to below market occupancy. Through both professional management and a proactive marketing plan, Tempranillo closed with zero vacancies and no delinquent rents,” said Managing Director Robin Kane.

Tempranillo Apartments offers modern, energy-efficient residences with upscale finishes, including quartz countertops, stainless-steel appliances and in-unit washers and dryers. The community’s on-site amenities include a pool, resident lounge, 24-hour fitness center and playground. Residents benefit from proximity to top-rated schools, major employment centers, and vibrant retail and dining options.

The transaction highlights continued investor interest in high-quality multifamily assets throughout California’s secondary markets, where demand remains strong for well-located, newer-generation communities.