Updated Oct 28, 2024
Sack Properties Acquires Multifamily Property In San Rafael For $58M
155 Andersen Drive, San Rafael, California 94901, United States
$58,000,000
Units
123
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
The multifamily property located at 155 Andersen Drive in San Rafael has been sold in a recent transaction. The property consists of 126 units and was sold for a total price of $58,000,000, resulting in an average price per unit of $460,317. The sale took place on 08/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $58,000,000
- Address: 155 Andersen Drive, San Rafael
- Market: San Rafael
Sack Properties, represented by Kirby Sack, acquired the property from Bel Albert Holdings. Kirby Sack acted as the buyer's representative in this transaction.
On the Map
$58,000,000
MultiFamily
View full map
Players
San Rafael MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93