Updated Dec 18, 2025
Step Up Housing Acquires 260-Unit Bay Village Apartments In Vallejo For $57M With Financing From Sack Capital Partners And Align Finance Partners
107 Porter Street
$57,000,000
Units
260
Asset Type
MultiFamily
Closing
Dec 8, 2025
About this deal
AI
The property involved in this transaction is the Bay Village Apartments, a multifamily asset located at 107 Porter Street in Vallejo. The property comprises 260 units situated on approximately 18.63 acres, and it sold for $57 million, which equates to a price per unit of $219,231.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $57,000,000
- Units: 260
- PPU: $219,231
- Address: 107 Porter Street
- Market: Vallejo
- Lender: Jeff Smith - Sack Capital Partners; Align Finance Partners
- Broker: Institutional Property Advisors
The transaction was facilitated by Step Up Housing as the buyer. Sack Capital Partners and Align Finance Partners arranged the financing, while Sack Capital Partners will also handle asset and property management moving forward. Institutional Property Advisors represented the seller in this transaction.
On the Map
$57,000,000
MultiFamily
View full map
Players
Dixon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Smith to view all their deals.
Browse Dixon multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93