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.
Players
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