FINANCED
29th Street Capital Acquires Multifamily Property In Sacramento For $85.8M
Township Nine Avenue
MultiFamily
1,500,000 SF
1,500,000 SF
Financed 351 days ago
Summary
Loan
CALIFORNIA
MultiFamily
1,500,000 sqft
The property involved in this closed transaction is located at Twp Nine Ave in Sacramento. It is a multifamily asset consisting of 372 units with a total square footage of 1,500,000. The transaction took place on 05/17/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,800,000
- Loan Type: Construction Loan
The lender for this transaction was George Smith Partners. The landlord of the property is 29th Street Capital. Shahin Yazdi and Jonathan Lee from George Smith Partners represented the buyers as brokers in this deal.
Please note that no additional details were provided regarding other individuals or companies involved in this transaction.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Shahin Yazdi & Jonathan Lee
DATE: 05/17/2023
ADDRESS: Twp Nine Ave
MARKET: Sacramento
ASSET TYPE: Multifamily ~ UNITS: 372 ~ SF: 1,500,000
LENDER: George Smith Partners
LANDLORD: 29th Street Capital
BROKERS: Shahin Yazdi (@Syazdi) & Jonathan Lee (@Jlee_cre) - George Smith Partners
LOAN AMOUNT: $85,800,000
LOAN TYPE: Construction LoanView on map
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AddressTownship Nine Avenue
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