Newmark Brokers William Blucher & Ali Nadimi Facilitate $38M Sale Of Sacramento Multifamily Property
SOLD
$38,000,000
California
See Similar DealsMultiFamily140,408 SF
Sold 11/27/2021
SOLD
Newmark Brokers William Blucher & Ali Nadimi Facilitate $38M Sale Of Sacramento Multifamily Property
1 Shoal Court, Sacramento, CA, USA
See Similar DealsMultiFamily140,408 SF
Sold 11/27/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$270
Total Square Footage:140,408 SF
Transaction Type:Sale
Located at 1 Shoal Court in Sacramento, this multifamily property was recently sold in a closed transaction for a sale price of $38,000,000. The property consists of 148 units, resulting in a per unit price of $256,756. The sale took place on November 27, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,000,000
- Units: 148
- Price Per Unit: $256,756
- Date: 11/27/2021
- Market: Sacramento
The sale of this property was facilitated by Graceada Partners, represented by Joe Muratore and Ryan Swehla. The brokerage services were provided by William Blucher and Ali Nadimi of Newmark.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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