Northwood_039MEI Represented the seller the sale of a 53 Unit condo-mapped multi-family property in┬áNorthern California. The property at 3401 Shawnee Drive, Modesto, CA sold for $5.9 Million at terms that met the seller’s requirements. The sale price yielded a price of $111,320/unit and over a 10% year 1 cash on cash return. The┬árental market is 98.3% occupied in the immediate area and the complex is within 2.1 miles to Vintage Fair Mall (over 1.1M sq ft of retail) and Hetch-Hetchy trail and Eisenhut Park.