Soma Capital Acquires Sacramento Multifamily For $57.1M
SOLD
$57,100,000
+ 2
California
See Similar DealsMultiFamily95,461 SF
Sold 03/18/2022
SOLD
Soma Capital Acquires Sacramento Multifamily For $57.1M
1430 Q Street, Sacramento, California 95811, United States
See Similar DealsMultiFamily95,461 SF
Sold 03/18/2022
+ 2
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$598
Total Square Footage:95,461 SF
Transaction Type:Sale
Located in Sacramento, the multifamily property at 1430 Q St. has recently been sold in a transaction facilitated by Cushman & Wakefield. The sale was concluded on March 18, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,100,000
- Number of Units: 75
- Price per Unit: $761,333
- Total Square Footage: 95,461
- Price per Square Foot: $598
- Market: Sacramento
Soma Capital emerged as the buyer of the property, while D&S Development acted as the seller. The deal was finalized with the involvement of multiple brokers from Cushman & Wakefield, namely Jason Parr, Scott MacDonald, John Hansen, Michael Bissada, and Sydney Ladrech.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,045,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$202,864.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,683.13
Annual Debt Service$3,248,197.57
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