Updated Jul 24, 2025
Lakeside Group Acquires 243-Unit Multifamily Tower In Oakland From Angela Kleiman For $97.5M
100 Grand Avenue
$97,500,000
Units
243
Asset Type
MultiFamily
Closing
Jul 24, 2025
About this deal
AI
The Grand is a 243-unit apartment tower located at 100 Grand Avenue, Oakland. It was sold for $97.5 million. The property features units starting at a rent of $1,787 and offers various amenities, including a fitness center and spa.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $97,500,000
- Buyer: Lakeside Group
- Seller: Angela Kleiman - Essex Property Trust, Inc.
- Broker: JLL
- Units: 243
- Price Per Unit: $401,235
JLL Capital Markets facilitated the acquisition of The Grand for Lakeside Group, marking a significant transaction in the Oakland multifamily market. The deal showcases the interest in urban residential properties positioned to meet the needs of modern tenants.
On the Map
$97,500,000
MultiFamily
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Oakland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93