Sack Capital Partners Acquires 171-Unit Fourth & U Apartments In Berkeley For $52.3M

The mixed-use property at 2020 Fourth Street in Berkeley was sold for $52,300,000, comprising 171 units and including 15,000 square feet of retail space. The per unit price amounted to approximately $305,848. The sale reflects recent activity in the Bay Area market.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $52,300,000
• Address: 2020 Fourth Street
• Market: Berkeley
• Units: 171
• Price Per Unit: $305,848
• Seller: Essex Property Trust
• Buyer: Jeff Smith & David Feinberg - Sack Capital Partners

This transaction marks Sack Capital Partners' third acquisition in the Bay Area within the month, following purchases in San Jose and Pinole. The deal was facilitated by representatives of Sack Capital Partners, who played a crucial role in the negotiation process with Essex Property Trust.