SOLDMultiFamily
Pacific Urban Investors Acquires Multifamily Property In Fremont For $127M
39800 Fremont Boulevard, Fremont, California 94538, United States
$127,000,000
$555/SF
Building Size
228,624 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
The multifamily property located at 39800 Fremont Blvd. in Fremont was recently sold for a total of $127,000,000. The property consists of 246 units, and the price per unit (PPU) amounts to $516,260.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $127,000,000
- Units: 246
- Price per Unit (PPU): $516,260
Pacific Urban Investors, represented by Alfred Pace, acted as the buyer in this transaction.
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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93