facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

299 Franklin Street

Todd Darling & Amanda Lindberg Of Acacia Capital Acquire Redwood City Multifamily For $188M
SOLDMultiFamily

Todd Darling & Amanda Lindberg Of Acacia Capital Acquire Redwood City Multifamily For $188M

299 Franklin Street

$188,000,000

$731/SF

Building Size

256,904 SF

Asset Type

MultiFamily

Closing

Oct 16, 2024

AI

The property asset involved in the transaction is located at 299 Franklin Street in Redwood City. This multifamily asset comprises 304 units with a total square footage of 256,904. The transaction was completed at a sale price of $188,000,000, resulting in a price per unit of $618,421 and a price per square foot of $731.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $188,000,000
  • Units: 304
  • Square Footage: 256,904
  • Price Per Unit: $618,421
  • Price Per Square Foot: $731
  • Buyer: Todd Darling & Amanda Lindberg - Acacia Capital
  • Seller: Sean Gulian - Nuveen
  • Broker: Salvatore Saglimbeni - Marcus & Millichap

This transaction highlights the participation of key individuals such as Todd Darling and Amanda Lindberg representing Acacia Capital as the buyers. The seller, Sean Gulian, represented Nuveen in the deal, with Salvatore Saglimbeni acting as the broker through Marcus & Millichap.

Players

Salvatore Saglimbeni

Marcus & Millichap

Broker

$1.3B

vol

10 deals

Broker

Redwood City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93