Tesseract Capital Group Acquires Multifamily Property In San Rafael For $32M

A multifamily property located at 400 Canal Street in San Rafael was recently sold for $32,000,000. The transaction took place on September 16, 2022. This property consists of 99 units, with an average price per unit of $323,232.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Address: 400 Canal Street
• Market: San Rafael

Tesseract Capital Group was the buyer in this transaction. They acquired this multifamily property in San Rafael at a significant price. The deal highlights the strong demand for multifamily properties in the area, with an average price per unit of $323,232. It is clear that Tesseract Capital Group sees great value and potential in this investment.