Soma Capital Acquires Sacramento Multifamily For $57.1M

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.