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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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Multifamily
Capital Markets