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Marshall Boyd Of Interstate Equities Corp Acquires Multifamily Portfolio In Davis From Fox Group For $42.8M

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SOLD
$42,800,000
Shivu Srinivasan
Marshall Boyd

California

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SOLD

Marshall Boyd Of Interstate Equities Corp Acquires Multifamily Portfolio In Davis From Fox Group For $42.8M

2477 Sycamore Lane & 2222 Sycamore Lane

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MultiFamily
Sold
Shivu Srinivasan
Marshall Boyd
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Shivu Srinivasan
Transwestern
Shivu Srinivasan
3 deals$74.3M volume
BROKER
Marshall Boyd
Interstate Equities Corp.
Marshall Boyd
8 deals$680.3M volume
BUYER
FG
Fox Group
SELLER

Details

SOLD
IMAGE: Marshall Boyd & Shivu Srinivasan DATE: 03/05/2026 ADDRESS: 2477 Sycamore Lane & 2222 Sycamore Lane MARKET: Davis ASSET TYPE: Multifamily BUYER: Marshall Boyd - Interstate Equities Corp. SELLER: Fox Group BROKER: Shivu Srinivasan (@Shivu1105) - Transwestern (@Transwestern) SALE PRICE: $42,800,000 UNITS: 140 ~ PPU: $305,714 NOTE: Interstate Equities Corp. acquired the 140-unit Temescal Apartments and Pepperwood Apartments portfolio in Davis from Fox Group for $42.8 million, or about $306,000 per unit, marking its entry into the Davis market. Transwestern’s Shivu Srinivasan brokered the deal, with Temescal trading for $33.4 million and Pepperwood for $9.4 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,282,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$152,059.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$202,893.84
Annual Debt Service$2,434,726.03