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

Property Image
SOLD
$81,600,000

California

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MultiFamily
Sold 04/09/2025
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Property Image
SOLD

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

34588 11th Street

See Similar Deals
MultiFamily
Sold 04/09/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

NI
New York Life Real Estate Investors
LENDER

Details

SOLD
IMAGE: J. Marc Perrin & Michael Pence DATE: 04/09/2025 ADDRESS: 34588 11th Street MARKET: Union City ASSET TYPE: Multifamily BUYER: J. Marc Perrin & Michael Pence - The Roxborough Group LLC; Robert Murray - Camden Pacific Partners, LLC BROKER: Eastdil Secured (@EastdilSecured) LENDER: New York Life Real Estate Investors (@NewyorkLifeInvestments) SALE PRICE: $81,600,000 UNITS: 243 ~ PPU: $335,802 NOTE: Roxborough Group and Camden Pacific Partners acquired The Union Flats, a 243-unit, 93.4% leased apartment community in Union City, CA, adjacent to the BART station. Built in 2018 with sustainable features and high-end amenities, the property marks Roxborough’s first Northern California multifamily deal under its $518M Fund III.

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