Northmarq: Multifamily Sale Serves as Benchmark for Fresno Market

Northmarq’s Fresno-based investment sales team led by Robin Kane and Brendan Kane recently brokered the $10.95-million sale of Sunset Sands Apartments, a 96-unit multifamily community located at 4585 E. McKinley Ave. in Fresno. The garden-style apartments were built in 1974 and renovated in 2024.

The Northmarq team represented the seller, XLNT Sunset Sands LP. The buyer was SRI Cedar LLC.

“The property presented several challenges, including the rebuilding and re-leasing of a number of units due to a fire,” said Robin Kane. “This sale marks the largest transaction in the local market to date and serves as a strong benchmark for Frenso’s investment activity in 2026.”

Sunsert Sands offers convenient access to both Fresno Yosemite International Airport and the Fresno Amtrak station. Both are within four miles of the property.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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