Kadami Enterprises Acquires Multifamily Property In Santa Rosa For $38.5M

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.