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34588 11th Street

Roxborough Group And Camden Pacific Partners Acquire Union Flats Multifamily In Union City For $81.6M
SOLDMultiFamily

Roxborough Group And Camden Pacific Partners Acquire Union Flats Multifamily In Union City For $81.6M

34588 11th Street

$81,600,000

Building Size

Asset Type

MultiFamily

Closing

Apr 9, 2025

AI

The transaction involves a multifamily asset located at 34588 11th Street in Union City, CA. The property features a total of 243 units and was sold for $81,600,000, resulting in a price per unit of $335,802. This apartment community is 93.4% leased and was built in 2018, equipped with sustainable features and high-end amenities. It is conveniently located adjacent to the BART station.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $81,600,000
  • Units: 243
  • Price Per Unit: $335,802
  • Buyer: J. Marc Perrin & Michael Pence - The Roxborough Group LLC; Robert Murray - Camden Pacific Partners, LLC
  • Broker: Eastdil Secured
  • Lender: New York Life Real Estate Investors

Roxborough Group and Camden Pacific Partners acquired the Union Flats, marking Roxborough’s first Northern California multifamily deal under its $518M Fund III.

Players

J. Marc Perrin

The Roxborough Group LLC

Buyer

$211.6M

vol

2 deals

Buyer
TL
The Roxborough Group LLCBuyer
NI
New York Life Real Estate InvestorsLender

Union 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

0.19%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93