Jackson Square Properties Acquires 188-Unit Multifamily Asset In Sacramento For $52.3M
3351 Duckhorn Drive
$52,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 16, 2025
AI
The Lofts, a 188-unit apartment complex located at 3351 Duckhorn Drive in Sacramento, was sold for $52.3 million. This multifamily asset is situated in the Natomas submarket and has a price per unit of $278,191.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,300,000
- Buyer: Jackson Square Properties
- Seller: Joseph L. Sherman - Reliant Group
- Broker: Marc Ross - CBRE
- Mortgage Brokers: Ryan Greer & Trevor Breaux - CBRE
- Units: 188
- PPU: $278,191
Marc Ross of CBRE represented Joseph L. Sherman of Reliant Group in the sale. Meanwhile, Ryan Greer and Trevor Breaux from CBRE arranged financing for Jackson Square Properties, facilitating the transaction.
Players
Sacramento 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93