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The Estopinal Family Partnership Acquires Multifamily Property In Walnut Creek For $19.55M

Property Image
SOLD
$55,600,000
Salvatore Saglimbeni
Philip Saglimbeni
+ 3

California

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MultiFamily8,650 SF
Sold 05/27/2020
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Property Image
SOLD

The Estopinal Family Partnership Acquires Multifamily Property In Walnut Creek For $19.55M

1465 Mt Pisgah Rd, Walnut Creek, CA 94596, USA

See Similar Deals
MultiFamily8,650 SF
Sold 05/27/2020
Salvatore Saglimbeni
Philip Saglimbeni
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$6,427
Total Square Footage:8,650 SF
Transaction Type:Sale

The multifamily property located at 1355 Mt. Pisgah Road in Walnut Creek, CA was recently sold. The transaction, which took place on 11/10/2022, involved a total of 40 units with a sale price of $19,550,000. The property spans approximately 35,000 square feet, resulting in a price per square foot of $559. The buyer in this transaction was The Estopinal Family Partnership, while the seller was PTLA Real Estate Group. The deal was facilitated by broker Rich Martini from Colliers.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $19,550,000
  • Address: 1355 Mt. Pisgah Road, Walnut Creek, CA
  • Number of Units: 40
  • Price Per Unit: $488,750
  • Total Square Footage: 35,000
  • Price Per Square Foot: $559

This transaction showcases the successful collaboration between the buyer, The Estopinal Family Partnership, and the seller, PTLA Real Estate Group. With the assistance of broker Rich Martini from Colliers, the deal was able to be executed smoothly. The sale of this multifamily property represents a significant investment opportunity in the Walnut Creek, CA market.

Players

Alex Tartaglia
8 deals$1B volume(650) 391-1815
BROKER

Philip Saglimbeni
Marcus & Millichap
8 deals$1B volume
BROKER

Carlos Azucena
Marcus & Millichap
1 deal$55.6M volume
BROKER

Salvatore Saglimbeni
Marcus & Millichap
10 deals$1.3B volume
BROKER

Stanford Jones
Marcus & Millichap
8 deals$1B volume
BROKER

Details

SOLD
IMAGE: Rich Martini DATE: 11/10/2022 ADDRESS: 1355 Mt. Pisgah Road MARKET: Walnut Creek, CA ASSET TYPE: Multifamily BUYER: The Estopinal Family Partnership SELLER: PTLA Real Estate Group (@LifeatPTLA) BROKER: Rich Martini - Colliers (@ColliersInternational) SALE PRICE: $19,550,000 UNITS: 40 ~ PPU: $488,750 SF: 35,000 ~ PPSF: $559

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