Jim Rosten Of Benedict Canyon Equities Buys Vue Fremont Apartments From Alfred Pace For $50M
37200 Sequoia Terrace
$50,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 6, 2025
AI
The multifamily asset involved in the transaction is the 134-unit Vue Fremont apartments located at 37200 Sequoia Terrace, Fremont. The sale price was set at $50,000,000, translating to approximately $373,134 per unit. The property is in a competitive multifamily market, reflecting ongoing trading activity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Units: 134
- Price Per Unit: $373,134
- Buyer: Jim Rosten - Benedict Canyon Equities
- Seller: Alfred Pace - Pacific Urban Investors
- Date of Transaction: 12/06/2025
Jim Rosten, representing Benedict Canyon Equities, has noted that this transaction marks the firm's first acquisition in the East Bay. The company plans to implement value-added upgrades over a five-year hold period, including pool expansion, landscaping, and exterior improvements.
Players
Fremont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93