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

Property Image
SOLD
$62,250,000

California

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MultiFamily
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SOLD

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

295 East Evelyn Avenue

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MultiFamily
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

AC
Acacia Capital Corp
BUYER
Alfred Pace
Pacific Urban Investors
Alfred Pace
11 deals$1.2B volume
SELLER
Fannie Mae
Fannie Mae
LENDER

Details

SOLD
IMAGE: Alfred Pace DATE: 11/17/2023 ADDRESS: 295, 355 & 395 East Evelyn Avenue MARKET: Sunnyvale ASSET TYPE: Multifamily BUYER: Acacia Capital Corp. - Robert Larson SELLER: Pacific Urban Investors - Alfred Pace LENDER: Fannie Mae (@OfficialFannieMae) MORTGAGE BROKER: CBRE Multifamily Capital Inc. SALE PRICE: $62,250,000 UNITS: 124 ~ PPU: $502,016 NOTE: Acacia Capital Corp., a San Mateo-based real estate investment firm, has purchased Sunnyvale's Villa Del Sol Apartments for $62.25 million from Pacific Urban Investors. The 124-residence complex, built in 2001, was acquired for around $502,016 per unit, with Acacia securing a $32.5 million loan from Fannie Mae through CBRE Multifamily Capital Inc.

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