Updated Mar 6, 2026
Marshall Boyd Of Interstate Equities Corp Acquires Multifamily Portfolio In Davis From Fox Group For $42.8M
2477 Sycamore Lane & 2222 Sycamore Lane
$42,800,000
Units
140
Asset Type
MultiFamily
Closing
Mar 5, 2026
About this deal
AI
The transaction involved the acquisition of a multifamily asset comprising the Temescal Apartments and Pepperwood Apartments portfolio located at 2477 Sycamore Lane and 2222 Sycamore Lane in the Davis market. The sale price was $42,800,000, translating to approximately $305,714 per unit for the 140 units included in the portfolio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,800,000
- Units: 140
- Price Per Unit: $305,714
- Buyer: Marshall Boyd - Interstate Equities Corp.
- Seller: Fox Group
- Broker: Shivu Srinivasan - Transwestern
Shivu Srinivasan of Transwestern represented the buyer in this transaction, which marked Interstate Equities Corp.'s entry into the Davis market. The transaction comprised two properties, with Temescal Apartments trading for $33.4 million and Pepperwood Apartments for $9.4 million, reflecting the strategic acquisition strategy of Interstate Equities Corp.
On the Map
$42,800,000
MultiFamily
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Players
Davis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93