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
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