Acacia Capital Corp. Acquires Villa Del Sol Apartments In Sunnyvale For $62.25M

Acacia Capital Corp., a San Mateo-based real estate investment firm, has purchased Villa Del Sol Apartments, a 124-residence complex located at 295, 355 & 395 East Evelyn Avenue in Sunnyvale, for $62.25 million. The transaction was completed with the seller, Pacific Urban Investors. The property, built in 2001, was acquired at a cost of approximately $502,016 per unit.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $62,250,000
• Buyer: Acacia Capital Corp. - Robert Larson
• Seller: Pacific Urban Investors - Alfred Pace
• Lender: Fannie Mae
• Mortgage Broker: CBRE Multifamily Capital Inc.
• Units: 124
• Price Per Unit: $502,016

Acacia Capital Corp. secured a $32.5 million loan from Fannie Mae through CBRE Multifamily Capital Inc. to facilitate the acquisition of Villa Del Sol Apartments.