CLOSED · SALE · TURLOCK
1108, 1119 & 1230 Pioneer Ave / Colorado Ave
Turlock, CA
Transaction Value
$7,900,000
Size
63-Unit Multi-Family Portfolio (Turtle Creek Apartments) | Rentable SF: 52,260 | Parcel Size: 103,673 SF (2.38 AC) | Year Built: 1987
Year Closed
2019
PROPERTY PHOTOS
TRANSACTION SUMMARY
Sale closed in Turlock, CA
The Ida Group represented this sale transaction at 1108, 1119 & 1230 Pioneer Ave / Colorado Ave in Turlock, CA, closed in 2019. The property totals 63-Unit Multi-Family Portfolio (Turtle Creek Apartments) | Rentable SF: 52,260 | Parcel Size: 103,673 SF (2.38 AC) | Year Built: 1987.
This is one of 150+ industrial and commercial real estate transactions The Ida Group has closed across the Bay Area and beyond. Contact us for full transaction details or to discuss a similar opportunity.
INVESTMENT HIGHLIGHTS
- High growth rental market with rapid population expansion and Cal State Stanislaus nearby
- Portfolio sale of three separate properties, each on its own distinct parcel allowing potential future upside through individual sale
- Strong unit mix with forty-four two-bedroom/1-bath single-level floorplans of approximately 750 SF and nineteen three-bedroom/1.5-bath townhouse-style floorplans of approximately 1,020 SF
- Great intrinsic value of $154 per square foot and $128,254 per unit
- Separately metered for PG&E with onsite laundry for Turtle Creek I, and in-unit washer/dryer hook-ups for Turtle Creek II and Turtle Creek Townhomes
LOCATION
1108, 1119 & 1230 Pioneer Ave / Colorado Ave, Turlock, CA
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Jeffrey Ida — (415) 828-7679
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
Lee & Associates — San Francisco
242 California St, San Francisco, CA 94111
242 California St, San Francisco, CA 94111
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