Updated Oct 28, 2024
Kadami Enterprises Acquires Multifamily Property In Santa Rosa For $38.5M
3751 Sebastopol Road, Santa Rosa, California 95407, United States
$38,500,000
$366/SF
Building Size
105,082 SF
Asset Type
MultiFamily
Closing
Jun 5, 2022
About this deal
AI
A multifamily property located at 3751 Sebastopol Rd. in Santa Rosa has recently been sold. The property, consisting of 100 units, was sold for a total price of $38,500,000. This translates to a price per unit of $385,000. The property spans a total square footage of 105,082, resulting in a price per square foot of $366. The transaction was completed on June 6, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Units: 100
- Price per Unit: $385,000
- Square Footage: 105,082
- Price per Square Foot: $366
The buyer of the property is Kadami Enterprises, while the seller is the United States of America. Representing the seller in the transaction was Reza Ghobadi from Colliers. Notably, this transaction showcases the involvement of a government entity as the seller.
Players
Santa Rosa 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93