Devonwood Apartments

2965 Maverick Lane Merced, CA 95348 156 Units
Devonwood Apartments

Investment Highlights

  • Strong Multifamily Fundamentals
  • Across from Merced Marketplace
  • Close Proximity to Higher Education and Employment
  • Strong City Support, Street Access, Utilities to Site
  • Supply Constrained Market

Property Description

THE MOGHAREBI GROUP is pleased to present the opportunity to acquire 156 proposed units in Merced, CA. The site is comprised of approximately 6.39 acres on multiple parcels located at Devonwood and Oakley. The City of Merced in on board for providing multifamily housing. The seller has performed offsite work and utilities are connected to the site.

2965 Maverick Lane
Merced, CA 95348
The site is only two miles from UC Merced which has almost 9,000 students and over 1,600 jobs. Additionally, it is only 1.5 miles from Mercy Medical Center and its 1,200 jobs, making it the 3rd largest employer in Merced after the County and UC Merced.

Listing Advisors

Robin Kane

Senior Vice President

(559) 761-0020

CA Lic. #00583537

Brendan Kane

Vice President

(559) 892-0036

CA Lic. #01976828

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