Mike Ruiz And Julian Smith Of Carmel Partners Acquire Multifamily Asset From Sean Gulian For $131.5M

The property asset involved in the transaction is a multifamily community located at 100 Old Quarry Road North in Larkspur. The sale price is $131,500,000, featuring a total of 248 units and a square footage of 248,260, resulting in a per unit price of $530,241 and a price per square foot of $529.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $131,500,000
• Units: 248
• Square Footage: 248,260
• Price Per Unit: $530,241
• Price Per Square Foot: $529
• Buyer: Mike Ruiz & Julian Smith - Carmel Partners
• Seller: Sean Gulian - Nuveen Real Estate
• Brokers: Joseph Smolen, Geoff Boler & Jeffrey Weber - Eastdil Secured

This transaction included key individuals such as buyer representatives Mike Ruiz and Julian Smith from Carmel Partners, and seller representative Sean Gulian from Nuveen Real Estate. The brokerage team from Eastdil Secured, consisting of Joseph Smolen, Geoff Boler, and Jeffrey Weber, facilitated the transaction. The seller noted that the Larkspur Courts community offers unique urban-like walkability and is strategically situated near Marin Country Mart and the Larkspur Landing Ferry Terminal.