Marcus & Millichap brokered the sale of Vintage Grove Estates Apartments in Modesto, Calif.

The 122-unit community sold for $12.6 million.

A Northern California investment partnership sold the property to a San Francisco-based partnership.

Vintage Grove Estates is located at 4033 Elmo Loop. Constructed in 1980, the garden-style community includes 126,054 rentable square feet on 9.3 acres. The unit mix includes 107 two-bedroom and 22 three-bedroom apartments, ranging in size from 876 to 1,266 square feet.

At the time of sale, occupancy was 95 percent.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.


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