$7.24 Million Senior Community in San Bernardino, CA Sold by TMG
Retrieved on:
Saturday, July 17, 2021
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Professional services, Managed care, Health, Seniors, Consumer, Other Construction & Property, Finance, Geography of California, California, San Bernardino, California, Bernardine, San Bernardino County, California
The Mogharebi Group (TMG) has completed the sale of Bernardine Senior Independent Living in San Bernardino, a 71-unit community, located at 363 E Gilbert Street.
Key Points:
- The Mogharebi Group (TMG) has completed the sale of Bernardine Senior Independent Living in San Bernardino, a 71-unit community, located at 363 E Gilbert Street.
- The property sold with multiple offers for $7,240,000 that equates to $102K per unit or $206 per square foot.
- Due to the low price per unit and high-quality construction, the buyer pool was large, says Bryan LaBar , Vice President of TMG.
- Built in 1984, Bernardine Senior Independent Living is a four story, 71-unit apartment community that is located on East Gilbert Street in San Bernardino, CA.