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

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.